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You are here: Home Archive 2009 December Weekly Edition 10th December 2009 Arrests on the rise

Arrests on the rise

by MARCUS HAND last modified Dec 10, 2009 02:29 PM

With Rule B now ruled out and many shipowners expected to run short of cash next year, MARCUS HAND assesses the procedural requirements and legal advantages offered by the Singaporean and South African courts

AN EASY way to judge the state of the shipping market is to look at the number of ship arrests and subsequent sheriff sales.
In both 2007 and 2008 the Singapore Supreme Court listed a single vessel sold through a...

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