United Overseas Bank (UOB) of Singapore has arrested the 2,700-gt anchor handling tug supply vessels Swiber Mary-Ann (built 2010) and Swiber Else-Marie (built 2009), claiming that owner Bukit Timah Offshore AS is in default of its mortgage covenants.
The pair was arrested in the ASL Shipyard in Singapore last Thursday afternoon.
Court records indicate that UOB is seeking to recover $43.45m. the outstanding amount it is owed by Bukit Timah Offshore.
The
