The patience of Morning Swan Shipping over its embattled purchase of an open hatch bulker is again being tested after a cargo owner operator swooped in and had the ship placed back under arrest this week.
Phoenix Global DMCC, a Dubai-based commodities trader that was the owner of a cargo of rice that was carried onboard the 30,800-dwt Alkar Trust (built 1997) on its last voyage, had the bulker arrested in Singapore on Tuesday, seeking unspecified amounts for cargo owner, charter party and negligence claims it has filed against the ship.
