The unlikely to pay (UTP) Damato debt of 25 million usd with Unicredit was sold to Deutch bank ldn for 4 milion in June. DB sold the ship for 9,2 mio usd to a Liberian Company. Italian Banker was unable to obtain possession on the ship. Very peculiar case.
Sold for $9.2Mill to Greek buyers
Bulker detained in Brake
During an inspection of the "Bulkers Alessia" on May 1, 2014, officers of the Brake police found that two important approval certificates had expired. The ship was loaded with 30,000 tons palm cern expellers and had sailed from Kuantan on Mar 24. At the time of the departure the 58- year Italian captain only knew that his Destination was located somewhere in Europe due to the constantly changing market value of the feed. On Apr 24 it turned out that Brake would be the final port of destination, while both a security certificate for the equipment and one for wireless security had lost their validity. But since they were needed to ensure the ship safety, the water police prohibited the bulker to leave until appropriate surveys have found no complaints. Moreover, the load was classified as hazardous because of their tendency to self-ignition and would have to be registered with the Central Reporting Office for dangerous substances in Cuxhaven. But this information was not properly passed by the broker of the ship. Therefore, a preliminary investigation was launched. Photos: http://forum-schiff.de/phpBB3/viewtopic.php?f=9&t=55#p102955Upload News