World News
Aframax Arrested in Singapore
Monday March 14, 2016
An Aframax tanker Friday was arrested in Singapore, according to the latest records from the Supreme Court of Singapore.
The 1992-built Bodrum was arrested on March 11, 2016 at 6:20am local time, following instruction from local law firm Oon & Bazul LLP.
Data from VesselsValue.com indicates the 95,600 dwt Ukraine flagged vessel is controlled by Leader Ship Management, and is currently worth just over $4 million.
The circumstances leading to the arrest are currently unknown, but such action is typical in instances of payment dispute.
Last week Ship & Bunker reported that Oon & Bazul LLP were also involved with the arrest of Chang Hang Jin Hai.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 502.00 | 4.50 | 617.00 | 5.50 |
| Rotterdam | 457.50 | 2.50 | 623.50 | 6.50 |
| Houston | 469.00 | 3.50 | 623.00 | 2.00 |
| Fujairah | 494.50 | 6.50 | 715.50 | 5.50 |
| Global 20 Ports Average | 526.00 | 3.00 | 712.50 | 11.50 |
| Global 4 Ports Average | 481.00 | 4.00 | 645.00 | 4.50 |
| Global Average Bunker Price | 569.00 | 2.00 | 750.00 | 5.50 |
Popular Now More
-
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. -
Apr 24Suppliers in South Korea are already shifting to the use of MFMs, and barge fees are likely to rise in the country as a result, a local source tells Ship & Bunker. -
Apr 24FincoEnergies has partially acquired the business operations of bunker supplier Oliehandel Klaas de Boer.