Asia/Pacific News
Two More Vessel Arrests in Singapore
Two Asian-owned vessels have been arrested in Singapore bringing this year's total arrests to six, Tradewinds reports.
Vietnam-flagged Royal 45 was arrested on instructions from local law firm Asia Legal LLC.
The 2009-built, 4,374 deadweight tonne (dwt) cargo ship is understood to be owned by Viet Long Transport.
South Korea-flagged Sea Mansion was arrested on instructions from lawyers Rajah & Tann.
The 1988-built, 2,267dwt reefer is said to be controlled by Seoul-based Shipping Land Co.
Exact details behind the reasons for the arrests are not known, but they are believed to be related to outstanding payments.
According to the report, this year's six arrests to date are possibly a reflection of deteriorating market conditions.
Last month official data provided to Ship & Bunker showed that in 2014 Singapore saw a slide in both the yearly number of Warrants of Arrest that were filed and the number of ships arrested.
