Cash buyer GMS got an unpleasant surprise when it took delivery in Singapore of a container ship it acquired in September. The 1,032-teu Wisdom Grace (built 1998) was arrested on 24 November, just after the handover formalities were completed.
Court records show that Turkish shipowner Amarillo Shipping obtained an arrest warrant against the ship as it sought security in the amount of $779,000 for damages it claims its 29,500-dt general cargo ship Senator (built 1996) suffered in an April collision.
