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Singapore: POSH anchor handling vessel duo sold for total SGD 12 million in court auction

09 Nov 2020

The Singapore Supreme Court on Tuesday (3 November) said an application from Sumitomo Mitsui Banking Corporation on 12 October for the sale of two Singapore-registered Anchor Handling Vessels Terasea Eagle (IMO: 9658252) and Terasea Osprey (IMO: 9658264) has been completed.

The proceeds from both vessels amounting to SGD 12,394,200 (SGD 6,197,100 apiece) were paid into the Court on 28 October, according to both notices published in the Singapore Gazette.

The two 3,372 dwt vessels were detained at Singapore port in March.

Any person having a claim against Terasea Eagle and Terasea Osprey or the proceeds of the sale, on which they intend to contest should accordingly do so within 90 days of the payment, said the Court.

Photo credit: Marine Traffic / Gibfran 46
Published: 9 November, 2020

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