Asia/Pacific News
COSCOL Vessel Arrested in Singapore
Friday August 14, 2015
The COSCO Shipping Company Limited (COSCOL) heavy lift ship, M/V Xia Zhi Yuan 6, Wednesday was arrested in Singapore at 8:45pm local time, according to records from the Supreme Court of Singapore.
The arrest follows an action by Singapore's Wong Partnership LLP.
Wong Partnership told Ship & Bunker it was currently unable to elaborate on the nature of the dispute, however such action is typical in instances of payment dispute such as those involving unpaid bunkers.
The 38,000 dwt vessel was built in 2012 by Zhejiang Peninsula Ship Industry Co, China.
In January Ship & Bunker reported that last year ship arrest activity in Singapore was down almost 50 percent over the previous two years.
