Papa-John

Sold to buyers P&P Shipping for US$ 8.60 Mill.

The "Trident Challenger", which was arrested in September, has been put up for auction in Singapore, according to the latest records from the Supreme Court of Singapore. The net value of bunkers and lubricant onboard the vessel was S$218,535 ($152,627), including HFO, low-sulfur HFO, MGO, and low-sulfur MGO in amounts valued at S$82,381 ($57,535), S$35,316 ($24,665), S$9,912 ($6,922), S$41,611 ($29,061), respectively. Bunkers and lubricant onboard the vessel must be paid at value for by the vessel purchaser. The Panamax vessel was controlled by Marine Managers Ltd and worth $9.47 million. Bids, along with a deposit of S$50,000 ($34920.10), must be submitted no later than 3 p.m. on Dec 8, 2016.

Two bulk carriers have been arrested in Singapore, according to the latest records from the Supreme Court. The "Sainty Valiant" was arrested on Sep 7, 2016, following action by Resource Law LLC. The vessel is controlled by China's Sainty Marine and worth $15.01 million. On Sep 9, the "Trident Challenger", controlled by the Marine Managers Ltd. and moored in the East Anchorage, was arrested following action by Dentons Rodyk & Davidson LLP. The vessel was valued at $9.47 million by VesselsValue.com. The circumstances leading to the arrests were currently unknown, but such action is typical in instances of payment dispute.