The arrested Suezmax tanker Ambassador has been put to auction in Singapore, according to the latest records from the Supreme Court of Singapore.
As Ship & Bunker has reported, the 1997-built Ambassador was arrested at 10:55 a.m. on January 19, 2017 following action by Gurbani & Co LLC.
Data from VesselsValue.com indicates the bulk carrier was controlled by Cyprus-based Transland Bulk Carriers (Transland) and has a market value of $8.43 million.
Court documents show that the net value of bunkers onboard the vessel is S$46,299 ($33,177), and must be paid at value for by the vessel purchaser in addition to the vessel's final sale price.
Bids, along with a deposit of S$50,000 ($35,829), must be submitted to Singapore's Sheriff's Office Legal Registry no later than 3 p.m. on April 12, 2017.
