An Italian product tanker player said it will seek to reverse the scheduled auction of one of its tankers in Malta next week and threatened potential buyers with compensation claims if they lay their hands on the vessel.

Bari-based Morfini SpA saw Maltese authorities arrest in May one of its seven MR tankers, the 40,200-dwt MR Dominia (built 2009).

The request to do so had been filed by Nassau Maritime Holdings, an Ireland-based company known in recent years to have bought shipping loans from Germany’s HSH Nordbank.