A second auction has been launched in Singapore for an arrested Swiber Holdings anchor-handler.
Bids for the 60-bp Swiber Valiant (built 2007) must be in to the country's sheriff by 18 January.
The ship failed to sell in December, with no bidders meeting the reserve price.
Swiber Valiant was arrested in August by Luxembourg-based asset financier PK AirFinance (PKAF), which claimed the single-shipowning company Southsea was in default of loan covenants after parent Swiber Holdings filed for judicial management.
It
