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FSL Trust tanker arrested in Japan

FSL Trust tanker arrested in Japan

Singapore: First Ship Lease Trust's Verona 1 has been arrested in Japan for unpaid bunker bills by its charterer. The 47,000 dwt product tanker Verona 1 was arrested in Shimotsu, Japan on June 4 by Singapore-based Daxin Petroleum as the bunker supplier said it had not been paid for fuel supplied to the vessel. FSL Trust said the amount claimed was not known. Groda Shipping & Transportation defaulted on its seven-year bareboat charter with FSL Trust on the Verona 1 last month. "FSL Trust Management intends to defend its position vigorously and is currently exploring all available legal options," FSL Trust said. "The immediate focus will be on securing the release of the vessel. Typically, by posting the required security, the release of an arrested vessel can be arranged reasonably quickly so as not to disrupt the normal operations of that vessel." Groda Shipping also stopped paying the charter hire on a sistership Nika 1 also owned by FSL Trust. [05/06/10]

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