The45,525-dwt bulker New Giant (built 1996) was detained in Gisborne on the eastcoast of North Island.

Thelog ship is under the control of the New Zealand High Court after a writdetaining it was issued late last week.

Thisis the fourth STX Pan Ocean controlled vessel to be arrested by creditors in asmany weeks.

Lastweek the 2,742-teu containership STX Mumbai (built 2008) was detained inSingapore.

Twoearlier