A NewLead Holdings-owned bulker that has been abandoned off the coast of Singapore with a cargo of coal had its protection and indemnity (P&I) coverage revoked, according to a representative of the American Club.
American Club also said P&I coverage on other NewLead ships could have their P&I coverage pulled for lack of payment of premiums.
The 75,966-dwt Newlead Victoria (built 2002) remains at anchorage after the 16 crew members left the ship last week amid ongoing uncertainty as to who is responsible for the vessel and crew wages.
The
