Enrico Bogazzi-controlled B Navi has abandoned a ship more than two years after Venezuelan authorities detained it.
There is currently no hope of compensation from any of the ship's insurance underwriters, say the ship's managers - despite market rumours that the abandonment follows a payout.
The unlucky 38,000-dwt B Atlantic (built 1983) and its crew were detained in Lake Maracaibo in August 2007 after Venezuelan police divers found 129 kilos of cocaine taped to the hull.
