Two Italian ships arrested in Singapore for unpaid debts

Cavaliere Grazia Bottiglieri   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.

   The crude carrier Adele Marina Rizzo (IMO: 9434890) has length of 243.00 m, beam of 42.00 m and draft of 12.50 m. The deadweight of the ship is 108,835 DWT and the gross tonnage of 60,185 GRT. The ship was built in 2010 in the Chinese shipyard of Hudong Zhonghua Shipbuilding Group.

   The dry bulk carrier Cavaliere Grazia Bottiglieri (IMO: 9501605) has length of 292.00 m, beam of 45.00 m and summer draft of 18.20 m. The gross tonnage of the ship is 91,373 GRT and the deadweight is 178,132 DWT. The ship was built in 2010 by Waigaoqiao Shipbuilding in their shipyard in Shanghai, China.