The Singapore's Maritime Administration and Supreme Court detained the crude carrier Adele Marina Rizzo and the bulk carrier Cavaliere Grazia Bottiglieri, in occasion with unpaid debt to the companies Fratelli Cosulich Hong Kong Limited and Madeira Lda. The two maritime companies from hong Kong picked up indictment to the Italian shipowner for outstanding debt of about 4.7 million USD. The Singapore's authorities detained the two vessels and started negotiations with the owner to cover the debts. From the Italian company explained the situation with delayed payment and absolutely disagreed with the court decision. According to them, there is no need to hold the two vessels, which value is absolutely not commensurate with the debt. However, the two ships will be detained in the Singapore's port before clearing of the details in the financial relationships.
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