Second arrest for Essar capesize

By Finance

The capesize bulker Kiran (IMO number 9000649 and MMSI 419000154), Essar-owned, has been detained for the second time in less than one year.

The 175,048-DWT vessel was arrested on October 1 on the Incisive Law LLC's lawyers orders. The details of the detention are unclear, likely cause is pending payments for services.

Last October, the Kiran was arrested by Singapore’s Cara Shipping to secure an arbitration in London over allegedly unpaid charter hire. The proceedings against the Indian vessel's owner were more than quarter million US dollars in allegedly unpaid demurrage and voyage freight.

According to AIS data, the biggest dry bulk vessel of India, Kiran, currently is anchored off the east coast of Singapore.

Current position of Kiran.

Kiran (IMO number 9000649 and MMSI 419000154)

Image: Essar

In November 2013, the authorities in Singapore arrested an Essar post-panamax bulker over an unpaid bunker invoice – the Kishore (106,438-DWT).

According to Clarkson Research Services (CRSL), the fleet of Essar comprises 38 vessels – one VLCC, general cargoships, bulkers and tugs.