According to an article published in ET A vessel owned by the Shipping Corporation of India has been arrested in South Africa on the orders of a Durban court in connection with a commercial dispute involving the operator and one of its creditors.
The ship, Vishva Anand, sails under the Indian flag and is an eight-year-old bulk carrier used by SCI to transport commodities such as coal and grain.
Comments of ExpertsIndustry experts described the arrest as ‘unusual’ and noted that large shipping...
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