Singapore: Arrested livestock carrier “Yangtze Harmony” sold on 1 June 2023

Liberia-flagged livestock carrier Yangtze Harmony, which was under arrest in Singapore, has been sold, according to the republic’s court system. 

The vessel was sold to an unnamed buyer for an undisclosed amount on 1 June after it was arrested by law firm Rajah & Tann Singapore, as executed by the Sheriff’s Office, Supreme Court, on 25 October 2022.

According to a Sheriff’s sale advertisement posted on 26 February by the court, pursuant to the order of court dated on 18 January 2023, all interested parties were invited to purchase the vessel by private treaty. 

The bids together with a deposit were to reach the Sheriff’s Office by 6 April 2023. 

The creditors for Yangtze Harmony includes Posh Projects Pte Ltd and Glander International Bunkering. 

According to the Maritime and Port Authority, the vessel was arrested pursuant to an application by Posh Projects Pte Ltd to secure its claim for unpaid sums due and owing under a towage contract for the towage of the vessel from Brisbane, Australia to Singapore. The Supreme Court then granted a judicial sale of the vessel on 18 January 2023 and the bidding and sale process is underway.

Yangtze Harmony has been the centre of piling bunker claims with Glander International Bunkering (Norway) AS, through its Singapore group company Glander International Bunkering Pte. Ltd., seeking payment of USD 115,963.52 (not including contractual compensation and interests) from the vessel’s demise charterer.

Manifold Times also reported Rajah & Tann Singapore lawyers representing Ireland-registered bunkering firm Peninsula Petroleum Limited were scheduled to be present at the High Court of the Republic of Singapore on 19 January to seek repayment of a bunker claim from representatives of Yangtze Harmony.

Peninsula Petroleum was seeking an unpaid USD 206,000 (exact: USD 205,827.43) under Invoice No. 10I206258 in respect of bunker fuel and/or lubricants supplied to the livestock carrier during September 2022, according to court documents obtained by Manifold Times.

Related: Singapore: Glander International Bunkering arrests “Yangtze Harmony” over partially paid bunker fuel invoice
Related: “Yangtze Harmony” bunker claims pile up with Peninsula Petroleum seeking repayment of USD 206,000 debt
Related: MPA sets record straight on ‘inaccurate claim’ by ITF on “Yangtze Harmony” crew

Photo credit: Marine Traffic / Sergei Skriabin
Published: 5 June, 2023