Asia/Pacific News

Tanker Arrested in Singapore

by Ship & Bunker News Team

Tuesday April 23, 2019

Clean tanker Lai Bao has been arrested in Singapore, the latest records from the Supreme Court of Singapore show.

The detention took place on April 18, 2019 following action from Oon & Bazul LLP.

The Singapore flagged, 6,600 dwt tanker is valued at $3.39 million by VesselsValue.com.

Shipping databases indicate the vessel is controlled by Singaporean interests.

While the exact reasons for the arrest are unknown, such action is typical in instances of payment dispute.

Ship & Bunker News Team
To contact the editor responsible for this story email us at editor@shipandbunker.com

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	VLSFO		MGO
	$/mt	+/-	$/mt	+/-
Singapore	549.00	7.00	670.50	3.50
Rotterdam	508.00	1.00	659.00	4.50
Houston	546.50	3.00	672.00	5.00
Fujairah	542.00	6.50	744.00	4.50
APAC Average	637.50	0.50	820.00	1.50
Global 20 Ports Average	578.00	2.00	758.50	2.50
Global 4 Ports Average	536.50	3.50	686.50	4.50
Global Average Bunker Price	623.50	2.00	807.50	2.00

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Tanker Arrested in Singapore

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