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Second FSL Trust vessel chartered to Groda Shipping arrested

Second FSL Trust vessel chartered to Groda Shipping arrested

Singapore: The second product tanker chartered by Groda Shipping from First Ship Lease Trust has been arrested for alleged unpaid bunker bills.

Nika 1 was arrested today in Qingdao, China by Daxin Petroleum in Singapore over alleged unpaid bunker bills. The Nika 1 was on long term charter to Groda Shipping and Transportation that defaulted on the lease of last month, along with sistership Verona 1. The Verona 1 was arrested at the weekend in Japan over alleged unpaid bunker bills to Daxin.

In the case of Nika 1, FSL Trust Management has been told it needs to pay $2.8m in security for the release of the vessel.
"FSL Trust Management intends to defend its position vigorously in both cases and will explore all available legal options with its legal advisers," the Singapore company said.

"The immediate focus of FSL Trust Management is to secure the release of both
vessels. Typically, the release of an arrested vessel can be arranged within a reasonable time by posting the required security to the maritime court of the jurisdiction."  [08/06/10]