Crew pay prioritised by court as Varun faces bankruptcy

Getting crew paid will be a top priority when the LPG carriers belonging to Varun are sold, an admiralty court in Mumbai has ruled.

The order came following petitions filed by the crew employed on the eight LPG ships of Varun and its shipmanager — Fleet Ship Management — who are owed hundreds of thousands of dollars. The ships are currently under arrest by the admiralty court at the behest of the crew and the shipmanager.

Varun, India’s largest LPG shipowner, faces separate bankruptcy proceedings following an order of the National Company Law Tribunal (NCLT). The petition for this was brought by Indian Bank, as part of a 12-bank consortium.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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