Piraeus Bank is unlikely to recover anything close to the $81.4m it claims it is owed by shipowning entities linked to the Eleftherios Mylonopoulos-led Athenian Shipmanagement as the first of its two remaining bulkers goes under the hammer.
Officials at the Sheriff of Singapore’s office will sell the Liberian-flagged 76,000-dwt bulker Tina (built 2000), with bids for the vessel due in at the High Court of Singapore at 3pm on 7 December.
