An aframax tanker auction that was expected to set a new benchmark price was called off at the very last minute, TradeWinds has learned.
Varun Asia’s 106,000-dwt Ocean Mare (ex-Amba Bhargavi, built 2006), was scheduled to go under the hammer in Singapore this past Tuesday but court officials say that the owner managed to secure its release from arrest at the last minute, a move that resulted in the auction being cancelled.
Even
