Shanghai Maritime Court will hold an auction for the 1997-built aframax tanker Amba Bhakti via online platform Taobao on March 15.
The 106,100 dwt tanker was abandoned by Indian owner Varun Shipping in Shanghai. In 2016, Shanghai Maritime Court detained the ship at the request of the ship’s crew and Varun was ordered by the court to pay the crew’s back pay.
Following the crew salary dispute, the vessel continued to be detained by the court at the request of China Shipping Industry due to a ship maintenance contract dispute and the court has now decided to enforce the sale of the vessel.
The starting price for the vessel is RMB24.62m ($3.88m).