Asia/Pacific News
Bulk Carrier Arrested in Singapore
A 76,629 DWT Liberia-flagged bulk carrier was arrested in Singapore at the end of last week.
The bulk carrier, Pantazis L, was arrested at 9:27 PM local time on July 23, according to a list of detained vessels published by Singapore's judiciary.
The arrest was carried out on behalf of law firm Rajah & Tann Singapore LLP, and the ship is being held at the Eastern Special Purpose Anchorage A.
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.
According to MarineTraffic, the vessel had arrived at Singapore on Thursday and was supposed to head to Yeosu in South Korea.
Another tanker was also arrested earlier last week in Singapore.
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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