Asia/Pacific News
Update: Tanker Arrested in Singapore
- Update: Corrected information on Vessel Ownership
The 13,700 dwt tanker M/T Nautilus Pioneer has been arrested in Singapore, according to the latest records from the Supreme Court of Singapore.
The Vietnam-flagged vessel was arrested at 7:30 am on Monday December 14, 2015 following action by Singapore-based AsiaLegal LLC.
The circumstances leading to the arrest are currently unknown, but such action is typical in instances of payment dispute.
VesselsValue.com value the 2008-built tanker at $8.88 million.
A previous version of this story had stated it was understood the vessel was owned by Vietnam-based Prime Shipping.
Ship & Bunker has since been informed that this is incorrect, with the owners being Nautilus Shipping JSC, and that Prime Shipping were the previous ship management company who terminated its contract with the owners on October 23, 2015.
Last week Singapore saw the arrest of 41,500 dwt bulk carrier Alianca Sky.
