Second Singapore Vessel Arrest This Month

Welfine was arrested on July 23, 2015 following action by local law firm Rajah & Tann Singapore LLP.

Singapore has seen a second vessel arrested within a month, according to records from the Supreme Court of Singapore.

The Post Panamax bulk carrier Welfine was arrested on July 23, 2015 following action by local law firm Rajah & Tann Singapore LLP., according to the latest records.

Information from online fleet valuation service shows the 2011 Chinese built and flagged 93,100 dwt vessel is operated by Oriental Ocean Shipping, with Everfair Shipping Ltd listed as the registered owner, and has a current market value of $18.25 million.

Little is known at this time with regards to the circumstances surrounding the arrest, but such action is typical in instances of payment dispute.

Also in the latest update to the Supreme Court of Singapore's arrest log, the entry for the Panamax box ship SCI Chennai, which last week Ship & Bunker reported was arrested in Singapore on July 21, 2015, has now been removed.



What's Next: a glance into the future of shipping


First Voyage for European LNG Bunker Tanker

Skangas duel fuel LNG carrier Coral Energy (image credit/Skangas) Liquified natural gas (LNG) bunker tanker Coralius has made its first trip loading and delivering LNG to and from Norwegian ports, according to trade press reports. The 5,800 cubic meter capacity tanker, which is owned by Norwegian gas company Skangas, was delivered to the company in June. Skangas also operates LNG carrier Coral Energy. "Skangas off

OPEC Cutback Extension to be Discussed in November, But Developments Could Render Any Deal Meaningless

Analysts say everything from Saudi exploration to rising tensions with North Korea could radically alter the dynamics of the international market. File Image / Pixabay Ever since the Organization of the Petroleum Exporting Countries (OPEC) extended the duration of its production cuts earlier this year to March of 2018, speculation has been rampant that the meager cutback volume coupled with the large number of members
BMS Bunkers

360° Contact 24/7