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Detained bulkcarrier released
The "Shun Yi", which was detained at the port of Thessaloniki on Sep 4, 2018, sailed from the port and was currently enroute to Longkou, ETA Nov 26.
Bulkcarrier detained in Thessaloniki
After its arrival in the port of Thessaloniki on Aug 31, 2018, the "Shun Yi" was detained following an inspection was carried out on Sep 4 under PARIS MOU by an inspector of the Port Authority of Thessaloniki, as there were serious shortcomings and irregularities in Annex X of the KO 2009/16 /FROM. The process of imposing the prescribed administrative penalties was initiated by the Central Port Authority of Thessaloniki.
Mercator Lines (Singapore) forced to sell mortgaged bulker Sri Prem Aparna
Singapore-based bulk shipping company Mercator Lines (Singapore) Limited (Mercator) has announced that it has been forced to sell three mortgaged bulkers, Kesari Prem, Gauri Prem, and Sri Prem Aparna, in order to settle the company's outstanding debt. Mercator says it received a notice of enforcement from an undisclosed mortgagee requesting that the second-hand vessels be sold. Following the notice, Mercator is reported to have entered into three separate agreements to sell the vessels to related companies of their lender at "an arms length basis." The bulkers are said to have been sold at market value for a total profit of $14.8 million, which was then used to pay Mercator's lenders. http://shipandbunker.com/news/world/949366-singapores-mercator-forced-to-sell-three-bulkers-to-service-debt
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