According to the latest records from the Supreme Court of Singapore, a Suezmax tanker was arrested in Singapore on Thursday morning.
The 1997-built tanker Ambassador was arrested at 10:55 a.m. on January 19, 2017, following action by Gurbani & Co LLC, records show.
Data from various reports indicate that the 153,000 DWT bulk carrier has a market value of $8.60 million.
The circumstances leading to the arrest are currently unknown, but such action is common in instances of a payment dispute.
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Source: Supreme Court of Singapore