ShippingWatch

Cash buyer pays big fine for Norwegian scrap vessel

The ship Tide Carrier, which was arrested in Norway en route to an illegal shipbreaking yard in Pakistan, ended up costing a Singapore-based cash buyer a fine of NOK 7 million. The fine has been paid.

Photo: Tide Carrier

Singapore-based cash buyer Wirana Shipping has paid a fine of NOK 7 million (USD 770,000) to the Norwegian police's financial crimes unit, Økokrim.

The fine was concerns the vessel Tide Carrier, which incurred engine failure while sailing through Norwegian waters in February 2017.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

CEO appoints new J. Lauritzen investment team

Kristian Mørch, the former CEO of Odfjell and current CEO of investment firm J. Lauritzen, has already constructed his new team, which involves both shipping and investment industry professionals.

Further reading

Related articles

Latest news

See all jobs