Asia/Pacific News
MPP Ship Arrested in Singapore
A multipurpose (MPP) vessel was arrested in Singapore over the weekend.
The 11,700 DWT MPP ship Ashico Symphony was detained at 4:40 PM local time on June 6, according to a list of arrested vessels published by Singapore's judiciary.
The arrest was carried out on behalf of law firm Clasis LLC, and the vessel is being held at Singapore's Eastern Anchorage.
Asia Investment and Asset Management in Vietnam is listed as the commercial controller of the Panama-flagged ship, according to data from maritime intelligence firm VesselsValue.
The ship came to Singapore from India 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 | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| APAC Average | 1029.50 | 32.00 | 1478.50 | 13.50 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
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