News

The "Triumph" was arrested by Primorskiy region bailiffs, due to a seven million Rubles debt accumulated by the owner, on Aug 8, 2019. The vessel was located in the Golden Horn Bay, off the port of Vladivostok. The owner has about three months to pay off the debt, otherwise the "Triumph" will be auctioned.

for an undisclosed price to U.A.E based Simatech Shipping

The "Ivan Lopatin" was sold at an auction in Klaipeda for 5.51 million Euros on Aug 5, 2019. The new owner of the vessel has not been named yet. Earlier it was reported that the "Ivan Lopatin" had arrived in Klaipeda for repairs. Then the crew learned that the company, which was engaged in repairing the vessel, stopped repair work because of debts. The crew members appealed to the International Federation of Transport Workers (ITF) for help and they expect to be paid salary arrears and then be repatriated. The amount of debt to the crew under the contracts was estimated at 58.0000 Rubles.

for $ 9.5m to undisclosed buyers

Australia's largest live cattle exporter Wellard Wellard Limited says it is moving closer to selling the M/V Ocean Swagman after agreeing to a new $37.1 million purchase proposal for the vessel from a Panama based subsidiary of the Italian bulk shipping company Nova Marine Holdings SA. The mid-sized vessel used by West Australian-based live exporter Wellard said that the offer is US$3.2 million higher than the previously announced proposed sale of the M/V Ocean Swagman to Heytesbury Holding Company Pty Ltd for $32.4 million.