English Admiralty Court Guides Sales & Purchase of Distressed Ships

Distressed sales of ships, whether by mortgagees, liquidators or through an Admiralty Court auction process, are taking place with ever increasing frequency in Covid 19 times.
The ship sale and purchase market has been so adversely affected, especially in the offshore drilling and cruise sectors.
It has been affected to such an extend that bidding interest may be thin and bid levels disappointingly low.
In a recent judgment by English Admiralty Court with regard to The Sertao, the WFW acted...