Bulk carrier Infinity will be put to public auction

Bulk carrier Infinity (IMO 8115215), arrested in India near Alang in October 2016 because of outstanding debts to four creditors, including one debt of $93,000 to ING Bank, has been put to public auction following a ruling by an Indian court. UK-based cash for recycling business NKD Maritime is apparently asking for up to $1m from Turkey-based Glamour Maritime, the vessel’s owner. Vessel Tracker reported that the vessel’s insurer and other companies had declined to cover the carrier any more, and that as a result it had been uninsured since April 6th. Proceeds from the auction will first go towards the legal suit against the vessel, until apportionment between the creditors of the monies owed can be expedited. Sunderland-built Infinity had gone under a number of names since it launched in 1985, including Pomorac, Grant Mariner, Thor Orchid and Orient. From 2011 until recently the Liberia-flagged Infinity was owned by Makro Shipping of Istanbul (it is still listed on Makro’s web site as “inactive”, as are all of Makro’s other vessels). Glamour Maritime is a harder company to track down. The vessel is understood to be uninsured.