Suezmax Tanker on Auction in Singapore

Suezmax crude oil tanker Ambassador, which was arrested on January 19 in Singapore waters, has been put up for auction, according to Supreme Court of Singapore’s data. 

The court’s data shows that the closing date for bids for the 153,000 dwt vessel is April 12, 2017.

The net value of bunkers on board Ambassador is SGD 46,299 (USD 33,184). This price is excluded from the sale and has to be paid by the purchaser. According to the court, the amount payable cannot be negotiated.

Built by South Korean shipbuilder Hyundai Heavy Industries (HHI) in 1997, Ambassador features a length of 269 meters and a width of 49 meters.

Market value of the tanker, which flies the flag of Saint Kitts and Nevis, currently stands at USD 8.43 million, according to information provided by VesselsValue.

As of March 30, 2017, Ambassador’s AIS data shows it is anchored in Singapore area.