A SECOND arrested vessel in Singapore will be sold at auction later this month, records from The Supreme Court of Singapore show, reports Vancouver's Ship and Bunker.
The 735-TEU feeder vessel Star Jupiter was detained in March following action by local Singaporean firm Asia Practice.
The sheriff noted that bunker valued at a non-negotiable S$130,500 (US$91,647) are on-board the vessel, the total for which would also have to be paid by the purchaser.
Online vessel valuation service has assessed Star Jupiter's current market value to be US$3.71 million, down from its US$3.85 million valuation at the time of arrest.
Bids are to be made no later than 3pm on September 14 and must be made with a deposit of S$50,000 (US$35,400).
Also up for auction this month is the Malaysian-flagged chemical tanker Imbak, following it's arrest in March over a dispute with Singapore bunker player Sky Oil & Gas Asia Pte (Sky Oil).
Source : HKSG.