Singapore Ship Arrest

A South Korean general cargo vessel has reportedly been arrested in Singapore by the local admiralty sheriff.

The 1997 built 10,762-dwt “KP Spirit” was detained this week by lawyers from local law firm Haridass Ho & Partners. Details as to why the ship has been arrested remain unclear, but it is likely to be related to outstanding payments for services.

The ship is managed by Seoul-based KP Shipping, but appears to be owned by South Korean leasing company KDB Capital Corp.

Separately, the Singapore’s admiralty sheriff has released two bulkers that were arrested earlier in September. Negmar Denizcilik Ve Yatirim’s 41,938-dwt Reis G (built 1986) and Densan Deniz’s 56,788-dwt Valerie (built 2008) were both released.