A court sale of a Murmansk Shipping cargoship has been called off in South Africa after the Russian owner paid a debt.
Law firm Shepstone & Wylie told TradeWinds its client had been paid and would not be seeking confirmation of the judicial auction set for 3 July.
The South African high court had slapped a sale order on the 10,500-dwt Ivan Papanin (built 1990) that was holed off Antarctica in February.
