MV Porto Maina is a Greek-managed (Phoenix Shipping & Trading of Greece) bulker is to be sold at auction in Aruba after Commerzbank foreclosed its mortgage on the ship. The Court of First Instance ordered the sale of the 18,700-dwt Porto Maina (built 2008) to be set for 15 October. The ship is currently lying off the coast of Aruba. The sale is based on a judgment on 3 September which ruled Commerzbank could enforce its mortgage deed.
Commerzbank reserves the right to sell the ship before the auction in a private sale, with court approval.
Dry Bulk Shipping News - Shipbroker Notes