United-Venture

Four aframax tankers operated by the UAE-based Venours Ships Management & Operations LLC in Fujairah, have been stranded on Fujairah roads since June 2016 and their crews were abandoned. The supplies, provisions and medicine ran out, life-saving equipment have either expired or are absent, and the power was off most of the time because of lack of fuel, and the crews have not been paid for months. The "Beta" and "City Elite" have AIS still working, the AIS of the "Al Nouf" is off since May, no data on the "Laowadale". 16 crew members were recruited on a nine-month contract by a Mumbai-based crew manning agency, the Abhay Shipping Pvt Ltd,, seven aboard the "Beta", seven aboard the "City Elite", two aboard the "Al Nouf" and two on the "Laowadale" and departed from Mumbai for Dubai on June 8. From Dubai, they were sent to Fujairah to board the vessels. All four anchored vessels were in close proximity of each other. The Abhay Shipping Pvt. Ltd. was not licensed for crewing. In their efforts to be rescued and get paid, the crew of the "Beta" sent a letter last week to the International Transport Workers’ Federation (ITF). CP Singh, the second officer of the "Beta" is in charge of the vessel. The manager, with whom the second officer was said to be in contact, has assured the crew repeatedly that help is on its way, but has allegedly done little else.

Sold to clients of Thenamaris of Greece for $33M

Singapore authorities have seized a fuel oil tanker operated by financially troubled FAL Oil Company due to its failure to pay Germany's DVB Bank around $3 million in debt, two industry sources familiar with the matter said on Friday, July 20,2012. United Arab Emirates-based FAL Oil, which was blacklisted by Washington in January for its links to Iran, has until the end of next week to contest the step and prevent the Khorfakkan tanker being handed over to DVB Bank. Singapore's Supreme Court Sheriff's Office seized the 105,000-deadweight tonne clean tanker on July 18, but allowed the 80,000-tonne fuel oil cargo to be discharged to its owner ChinaOil, the trading arm of PetroChina, a Singapore-based industry source said. "The tanker was seized because of an outstanding debt of $2.84 million that was initially due in late May," said the source, who asked not to be named as he is not authorized to speak to the media.