Swan Hellenic takes over ‘SH Vega’

2022-07-13T17:20:14+00:00 July 13th, 2022|Finance|

Having received bids for the auction of NB 517 (‘SH Vega’), Helsinki Shipyard announced that Swan Hellenic had been awarded the tender.

The shipyard said that it had exercised the right to sell the ship by tender, under the contract, due to non-payment, which was caused by sanctions against the Russian backed leasing company, which was behind the order.

‘SH Vega’  will be delivered to Swan Hellenic, as soon as all registry formalities in the flag state Bahamas are completed and Swan Hellenic becomes the sole owner of the ship, the company said, which was now believed to have been completed.

The vessel will start operating on the Arctic as scheduled in the second half of July, the company said.

Simo Rastas, Helsinki Shipyard’s acting CEO, said: “The shipyard is satisfied that bids were received and the auction was carried out efficiently on schedule.”