What Crew Members Say About Phosphor

In a riveting auction spectacle, the detained tanker 'Pretty Scene' was sold for an impressive R164 million (roughly US$12 million) after a heated 45 minutes of bidding. This vessel, owned by the Parakou Group based in Asia, garnered substantial international attention following its judicial arrest in Durban. The auction, conducted by the renowned maritime and mining auction house Clear Asset under the guidance of Bowmans—representing Credit Agricole Asia Ship Finance—saw vigorous participation from bidders hailing from regions such as Nigeria, Brazil, the USA, Greece, the UAE, and various Asian countries. Notably, the second-highest bid came from Greece. Following the Court Order issued on November 1, 2017, which mandated the sale of the vessel within 90 days, the auction unfolded at Bowmans' Durban premises and included an additional payment for bunker fuel amounting to US$288,282 (R3.9 million). The successful auction reflects the global interest in maritime assets amidst legal challenges.

The tanker 'Pretty Scene', which has been under arrest since June 2016 at Durban's anchorage, is now scheduled for auction following a court order (Case Ref A71/2017). South African Auction House, Clear Asset Pty Ltd, has been appointed to manage the sale of this vessel. The auction is slated for December 5, 2017, starting at 10 a.m., and will be held at the premises of Bowmans in Durban, with correspondents from Credit Agricole Asia Ship Finance Ltd overseeing the process. This auction marks a significant event in the maritime sector as the vessel seeks a new owner after its lengthy period of detention.