Asia/Pacific News
Panama-Flagged Bulker Arrested in Singapore
A dry bulk carrier was arrested in Singapore earlier this month.
The 48,300 DWT Panama-flagged bulker Bao Dat Thanh 99 was detained on June 6 at 9:25 AM local time, according to a list of arrested vessels published by Singapore's judiciary.
The arrest was carried out on behalf of law firm Resource Law LLC, and the vessel is being held at Singapore's Eastern Anchorage.
Vietnamese wood processing firm Thanh Thanh Dat is listed as the commercial controller of the ship, according to data from maritime intelligence firm VesselsValue.
The vessel came to Singapore from China last month.
The reason for the arrest was not disclosed. Such actions are typically linked to maritime claims, including disputes over unpaid bunkers or other operational services.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 932.00 | 0.50 | 1345.00 | 27.00 |
| Rotterdam | 759.00 | 6.00 | 1425.00 | 11.50 |
| Houston | 791.50 | 6.50 | 1417.50 | 9.00 |
| Fujairah | 968.00 | 11.50 | 1735.00 | 58.50 |
| APAC Average | 1005.50 | 4.00 | 1463.00 | 0.50 |
| Global 20 Ports Average | 920.00 | 8.50 | 1552.00 | 19.50 |
| Global 4 Ports Average | 865.50 | 4.50 | 1491.50 | 61.00 |
| Global Average Bunker Price | 962.00 | 3.50 | 1611.50 | 12.50 |
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