Auction Date Set for Malaviya Seven

The crew aboard the India-flagged platform support vessel Malaviya Seven are nearing repatriation as the auction date for the ship was set in October, according to Irish auctioneering firm Dominic J. Daly & Co.

The vessel, which has been detained in Aberdeen since June 2016 over unpaid wages to the ship’s crew, will be auctioned off on October 17 in Aberdeen, UK.

The sale was ordered by the Aberdeen Sheriff Court in September 2017, a month after the sheriff ruled the crew had the right to sell the vessel to recoup their owed wages – agreed at USD 867,000 (GBP 672,000). However, before the ship could be put up for sale the court ordered for an appraisal of its value to be conducted first.

Malaviya Seven, which already attracted some interest, has a current market value of USD 1.17 million, while its demolition value stands at USD 920,000, data provided by VesselsValue shows.

A total of 24 seafarers, including some who have already been repatriated, are owed over USD 867,000 by the vessel’s owner, India-based GOL Offshore, which is undergoing liquidation. Twelve Indian seafarers that remain onboard the ship hope to receive their pay once the vessel is sold, enabling them to return home.

World Maritime News Staff

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