Swift moves by Royal Bank of Scotland (RBS) against chemical tanker tonnage in the fleet of Elmira Tankers Management are raising serious questions over the financial liquidity of the individual owning companies trading under the Elmira banner.
On Tuesday, RBS arrested the 11,750-dwt chemical tanker Liquid Fortune (built 2000) in Singapore.
Court documents reveal that the bank foreclosed on the ship after its registered owner, Marigold MAI Enterprises, defaulted on mortgage payments.
RBS
