A Cosco panamax bulker has been arrested in Singapore but it is not immediately clear if the move represents a new flare up of the high profile chartering disputes the Chinese shipping giant was involved in earlier this year.
The 74,000-dwt Song Shan Hai (built 1998) was seized by the sheriff of Singapore’s supreme court but no details of the underlying claim have been released so far.
No recent charters have been reported for the Song Shan Hai so the vessel may be long term time chartered.