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Tanker on auction in Am

Tanker on auction in Am
Tanker arrested in Amsterdam is due to be sold at auction as several banks foreclose on the vessel's mortgage.

Tanker arrested in Amsterdam is due to be sold at auction as several banks foreclose on the vessel's mortgage.

Tanker arrested in Amsterdam is due to be sold at auction as several banks foreclose on the vessel's mortgage.

There were a number of claims against Nora, which was originally believed to be worth around $76.7 million, reports said.

Nora is a 16,225-dwt 2001-built double-hull chemical and products tanker.

It is Liberian-flagged and its owner, manager and operator is US company Hiltveit Associates Inc.

Banks, cargo interests, agents and bunker suppliers are among those that have placed the vessel under arrest. The tanker has been based at the Suez harbour in Amsterdam since January.

?The owner cannot pay back principal and interest on the mortgage loans, and the banks want their money back,? said a spokesman for the law firm representing the banks that are foreclosing on the vessel's mortgage.

He added that the vessel was a good quality ship, built by De Poli shipyard in Venice and should find a buyer from the auction.

www.TurkishMaritime.com.tr

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