An Indian mining group has sought to distance itself from a vessel and its reported owner after a bank pursued a $26m mortgage claim against it in Hong Kong — despite the bulker appearing to have been in its fleet for more than a decade.
Miner SK Sarawagi & Co declined to comment on its involvement with the vessel or Mumbai-based Five Stars Shipping, which commercial sources and TradeWinds linked to the 73,200-dwt Glory One (built 2002) in 2010.
