Shipping databases indicate that it is the only vessel in the fleet of World Bay, which has no listed tele-phone numbers.

Middle East shipping sources believe the company is one of many small, privately owned shipping operations in the region.

They usually acquire old ships cheaply and run them in more marginal markets.

The Pontonostos was likely a lucrative investment for Ocean, which acquired it in 2002 for a bargain $7.1m.