South Africa to auction detained Turkish bulkers

A pair of Marshall Islands-flagged bulk carriers have been detained in Durban, South Africa, by court decision due to vessel foreclosure, according to local media.

The vessels, owned by Turkish shipping company Kaptanoglu Holding, were arrested by a local court acting on behalf of the Unicredit Bank from Italy.

The 2010-built Zeynep K and the 2009-built Sadan K bulkers, both over 80,000 dwt, detained in December, are scheduled to be sold in an auction on January 12.

The owner said that this transaction is an isolated issue that does not affect the company’s other business segments.

 

Copyright 2017 Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to www.shipsandports.com.ng as the source.