World News
Tanker Arrested in Singapore Over Unpaid Bunkers Slated for Sale
Norway's Bergshav Management AS (Bergshav) is set to sell Captain Silver, a small clean tanker, which was arrested in Singapore last week on behalf of Glander International Bunkering on an outstanding $50,000 bunker bill, TradeWinds reports.
Atle Bergshaven, CEO and Chairman of Bergshav, says the the ship had been fixed on a bareboat charter to Mare Maritime, which has now been cancelled after Mare Maritime defaulted on bunkers, hire payments, and crew wages.
Bergshaven says the vessel is set to be put up for sale as soon as matters related to the vessel's arrest is resolved.
"It is a shame we have to pay other people's bills but we are doing it and are now manning up the ship making it ready to sell," said Bergshaven.
Information from VesselsValue indicates that the 2008-built vessel has a market value of $7.83 million.
As Ship & Bunker has reported, the 9,200 DWT Captain Silver was detailed following action taken by local law firm Resource Law LLC, with the arrest taking place on August 3, 2017 at 10:30 a.m. local time.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 504.50 | 2.50 | 620.00 | 3.00 |
| Rotterdam | 456.00 | 1.50 | 621.50 | 2.00 |
| Houston | 476.00 | 7.00 | 624.00 | 1.00 |
| Fujairah | 496.50 | 2.00 | 713.00 | 2.50 |
| Global 20 Ports Average | 526.50 | 0.50 | 712.00 | 0.50 |
| Global 4 Ports Average | 483.00 | 2.00 | 644.50 | 0.50 |
| Global Average Bunker Price | 570.50 | 1.50 | 751.00 | 1.00 |
Popular Now More
-
Apr 28Failing to keep track of energy density variations could be costing shipping companies as much as $25/mt in fuel bills, Shipergy CEO Daniel Rose tells Ship & Bunker. -
Apr 28Gross profit from the marine segment was $35.7 million in Q1 2025, down from $48.4 million a year earlier. -
Apr 23Initial Ship & Bunker analysis shows ships would need to use between 17.6% and 23.3% biofuel in B100 terms to avoid penalty charges in 2028.