Sold to Breakers 520 USD/TO
News
EAST EXPRESS
When the East Express arrived in the port of Misrata on Jan 18, 2022, the crew thought it would unload its cargo of sugar and then depart. But port authorities declared the sugar unfit for consumption, and detained the ship. This legal obstacle prevented the delivery of the vessel to a trader in Libya, forcing the owner company - Mina Shipping Ltd. - to abandon it, with 11 crew members still on board: ten Syrians and one Egyptian who have been stuck there for two years.
ROYAL ROMANCE
On Feb 16, 2024, the Cabinet of Ministers of Ukraine has approved the sale of the 'Royal Romance', which belongs to the family of former Member of Parliament Viktor Medvedchuk and is located in Croatia. Earlier, by rulings of investigative judges of the Lviv Lychakivsky District Court, an arrest was imposed on the property of the non-resident legal entity Lamelia Holdings Ltd., the owner of the 'Royal Romance', and transferred to the management of ASAM for realization. ASAM is convinced that the proceeds from the sale of the yacht will significantly strengthen the state budget and the defense capability of the country, while state traitors will be held accountable legally and economically. In Dec 2023, information emerged that the yacht, which was seized at the beginning of the year in Croatia and belonged to the suspected state traitor MP Viktor Medvedchuk, would be sold at auction. The proceeds will go to benefit Ukraine.