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Tanker to be scrapped
On Feb 3, 2020, the Sindh High Court reported it has accepted the highest bid from a local firm for the confirmation of auction ofthe 'Al Rehman'. The vessel is likely to be towed from Karachi port for scrapping at the Gadani Ship Breaking yard in the Baluchistan Province.
Two offers in auction
The Sindh High Court has received two local offers for the purchase of the 'Al Rehman' during the auction held in court on Jan 13, 2020. The vessel has been under arrest at Karachi port for the last 17 months in a litigation case. The court has received highest bid of Rs. 29.1 million from a local bidder against the reserved price of Rs. 26.5 million. The court was evaluating the offers and would take decision soon for awarding sale of vessel to highest bidder.
Tanker to be auctioned
The 'Al Rehman' which has been under arrest at Karachi port, will be auctioned on Jan 13, 2020, to recover the costs, as pleaded by the applicant in the case.News schreiben