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Beached
beached at Chittagong 30.01.17
Seized bulkcarrier sold in Malaysia
The "Al Hadjar" was seized and sold in Malaysia for 2.5 million Dollars by the creditors of the IBC company belonging to Cnan Group and the Saudi businessman Ghait Pharaon. The bulkcarrier was immobilized for several years in Malaysia following a conflict with the Saudi investor. Ghait Pharaon committed in 2007 to invest in a partnership with CNAN an amount of $ 50 million to renew its fleet consisting of eight ships, but once in the capital of this company , He took possession of the fleet, consisting of the "El Hadjar", "Ain Témouchent", "Blida", "Nedroma", "Nememcha", "Djebel Ksel", "Djebel Refaa" and "Djebel Onk" which were talen over in bareboat charter for five years at Leadarrow by one of his subsidiaries, a company established in the Cayman Islands. The repair of three ships, the "Blida", "Nememcha" and "Nedroma" were stopped as the Saudi businessman who benefited from the peak of the market in 2006 to 2008, chose to sell the three ships in violation of the contract which required a minimum operating period of five years. Three ships, the "Djebel Ksel", "Djebel Refaa" and "Djebel Omk", remain abandoned in Malaysia and Greece.
sold to Breakers
sold to Breakers 286 USD/TO
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