The Sheriff of Singapore is launching a third auction for restructuring EMAS Offshore's anchor-handler Lewek Penguin.

The 10,800-bhp ship (built 2007) will be sold on 8 April via sealed tenders.

The previous sale closed on 12 February.

The buyer will have to pay SGD 16,650 ($12,200) on top of its bid price for bunkers on board.