Asia/Pacific News

German Vessel Arrested in Singapore

by Ship & Bunker News Team

Friday September 19, 2014

Shipping group Hermann Buss GmbH & Cie (Buss Group) yesterday saw one of its multipurpose vessels (MPPs) arrested in Singapore, Tradewinds reports.

It is understood that the Antigua and Barbuda flagged MPP, Finex Trader, was arrested by Singapore's admiralty sheriff following instruction from law firm Rajah & Tann.

Exact reasons for the arrest are not publicly known at this stage but the report suggests outstanding payments to be the likely cause.

Finex Trader made news last year after it collided with a breakwater in Australia.

The arrest is the second in as many weeks in Singapore, following last week's arrest of a 12,800-dwt Chemical / Product tanker.

Ship & Bunker News Team
To contact the editor responsible for this story email us at editor@shipandbunker.com

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Singapore	655.50	2.00	808.50	4.50
Rotterdam	619.00	0.00	789.00	8.00
Houston	628.50	7.50	812.50	1.50
Fujairah	653.50	4.50	900.00	2.50
APAC Average	719.00	3.00	918.00	5.50
Global 20 Ports Average	672.00	0.50	885.00	7.00
Global 4 Ports Average	639.00	2.50	827.50	2.00
Global Average Bunker Price	727.50	1.50	933.50	5.00

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Asia/Pacific News

German Vessel Arrested in Singapore

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