MV Zhushui 5 arrested

Singapore-listed Seroja Investments said the 79,000-dwt MV Zhushui 5 (built 2012) was detained on the orders of Conirma Marine of Greece. Seroja Investments chief executive Husni Heron said the company was served with the arrest warrant on 21 October 2014. On 25 July Seroja Investments and Conirma Marine entered into a memorandum of agreement (MOA) for the sale of the panamax vessel. However, Conirma Marine did not take delivery as obliged under the terms of the MOA and further alleged that the vessel had deficiencies deeming it unfit for delivery.
Seroja Investments contends that the vessel had been inspected by a Lloyd’s Register surveyor who issued it with a clean bill of health. Seroja Investments is now seeking legal advice and intends to take steps to void the arrest warrant and defend any claims that CMSA may subsequently filed.
Jinhai-built MV Zhushui 5 is jointly owned by Seroja and the Zhushui group of China.