Asia/Pacific News
Bulk Carrier Arrested in Singapore
Thursday March 3, 2016
The handy size bulk carrier Magic Orient has been arrested in Singapore, according to the latest records from the Supreme Court of Singapore.
The arrest took place on Monday February 29, 2016 at 8pm local time following action by local law firm Haridass Ho & Partners.
The circumstances leading to the arrest are currently unknown, but such action is common in instances of payment dispute.
The 1995 built 28,400 dwt vessel is owned by South Korea's Boyang Shipping, according to data from VesselsValue.com, who value Magic Orient at its scrap value of $1.36 million.
The Singapore arrest follows that of another bulk carrier, Ao Hong Ma, last month.
