Discover the Antong-Sea: Ratings & Maritime News

On September 4, 2018, the bulk carrier 'Shun Yi' faced detention at Thessaloniki's port. However, the vessel has since been released and is now on its way to Longkou, with an estimated time of arrival set for November 26. This development highlights the ongoing dynamics in maritime operations and port regulations.

The bulk carrier 'Shun Yi' faced detention after arriving at the bustling port of Thessaloniki on August 31, 2018. This action followed a thorough inspection performed on September 4 by a representative of the Port Authority of Thessaloniki, conducted under the PARIS MOU guidelines. The inspection revealed significant shortcomings and irregularities related to Annex X of the KO 2009/16/FROM regulations. As a result, the Central Port Authority of Thessaloniki has initiated procedures to impose the necessary administrative penalties against the vessel.

Mercator Lines (Singapore) Limited, a prominent player in the bulk shipping sector, has made the difficult decision to sell three of its mortgaged bulk carriers: Kesari Prem, Gauri Prem, and Sri Prem Aparna. The Singapore-based shipping company revealed that the sales were prompted by a notice of enforcement from an undisclosed mortgage lender, compelling the firm to act in order to manage its mounting financial obligations. In response to this situation, Mercator entered into separate agreements to sell the vessels to affiliated firms of the lender, ensuring that transactions were conducted on an arms-length basis. The bulk carriers were sold at market value, generating a profit of $14.8 million, which will be utilized to settle Mercator's debts with its financial backers.