The High Court of Singapore has ordered that an arrested VLCC controlled by Hermes Marine Management be sold at auction.
Hermes, the Piraeus-based ship management company controlled by Lebanese shipowner Ghassan Ghandour, will be left with only a pair of panamax bulk carriers once the 320,000-dwt Chloe V (built 2011) is sold.
The auction date has yet to be announced.
