The Greek owner of a product tanker that has been under arrest since December is fighting efforts by mortgage holder TMF Trustee to force an auction at what it says is a low-ball price.
Five other financial and trading creditors have joined TMF in arresting Oxygen Maritime Management's 74,600-dwt Megacore Philomena (built 2010). But some or all of those creditors are siding with the shipowner and against TMF, which wants a sale done by 25 April with a minimum price of $17m.
