Asia/Pacific News
Suezmax Tanker Arrested in Singapore
Friday January 20, 2017
A Suezmax tanker was arrested in Singapore Thursday morning, according to the latest records from the Supreme Court of Singapore.
The 1997-built Ambassador was arrested at 10:55 a.m. on January 19, 2017 following action by Gurbani & Co LLC, records show.
Data from VesselsValue.com indicates the 153,000 DWT bulk carrier is controlled by Cyprus-based Transland Bulk Carriers (Transland) and has a market value of $8.60 million.
The circumstances leading to the arrest are currently unknown, but such action is common in instances of payment dispute.
