The aframax tanker at the centre of a legal dispute tied to its lengthy detention in Venezuela is effectively beyond repair.
That is according to Vafias-linked Psara Energy, which is demanding $19.86m from bareboat charterer Space Shipping and guarantor Geden Holdings.
Psara Energy had chartered the 104,500-dwt aframax CV Stealth (built 2005) to Space Shipping in 2010 for five years at a varying rate that started at $9,750 per day for the first year.
