Hosco ship arrested

Hebei Ocean Shipping Co (Hosco) has had a kamsarmax bulker arrested in Singapore by the admiralty sheriff.

The 81,667-dwt Everglory (built 2012) was detained late last week by lawyers from local law firm Incisive Law.

AIS data shows the ship presently anchored off Singapore’s east coast in approximate position 01° 16.75'N, 103° 57.09'E.

The exact details as to why the ship has been arrested remain unclear, but it is likely to be related to outstanding payments for services.

However, TradeWinds understands from legal sources that Hosco may be an innocent party with the dispute between a charterer and a bunker supplier.

Hosco’s already has its 150,000-dwt Hebei Tengfei (built 1990) under arrest in Singapore where it has been detained since June 2013.

The ship was detained by lawyers representing Hanjin Shipping over alleged unpaid charter hire.

TRENDING TODAY

  1. Vale resumes shipments using controversial VLOCs

    Brazil miner starts loading contentious conversions again but doubts hang over how many of the 17 ships it will keep

  2. Expanding Songa Bulk cuts loss

    Oslo start-up improving results as vessels are delivered.

  3. Castillero named Liberia chief commercial officer

    Former Panamanian flag chief to run global commercial efforts while still managing efforts to garner customers in Japan and Latin America.