Asia/Pacific News
Panamax Arrested in Singapore
A 75,700 dwt Panama Bulk Carrier has been arrested in Singapore, according to the latest records from the Supreme Court of Singapore.
The 2002-built Vivian was arrested on Wednesday April 13, 2106 at 11pm local time following action from Rajah & Tann Singapore LLP.
The circumstances leading to the arrest are currently unknown, but such action is common in instances of payment dispute.
VesselsValue.com indicates the bulk carrier is controlled by China's Far East Horizon and is worth $4.79 million.
Earlier this year Ship & Bunker reported that for 2015 ship arrests in Singapore had fallen for the third consecutive year, with a total of 56 vessels arrested in the maritime and bunkering hub during 2015, down from 60 in 2014 and 85 in 2013.
