Sale of Honduras Star Goes Awry

Oslo-listed Siem Shipping Inc. said in a filing to the stock exchange that the sale of its veteran reefer named Honduras Star has been cancelled.

The company announced the sale of the Liberia-flagged cargo ship on April 2nd, 2015.

However, as indicated in the filing, the buyer did not pay the agreed amount in the envisaged period.

“The buyer failed to pay the purchase price within the contractually agreed period, which will result in the loss of the buyer’s deposit and a claim against the buyer for damages,” Siem Shipping explains.

The 10,629 DWT vessel, built in 1992, was priced at USD 6 million.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>


<< Apr 2019 >>
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >