Trading Fabrizia to be put on the auction block

Bulk carrier Trading Fabrizia (IMO 9481960), which was detained in Jamaican waters just over a year ago and remains docked in Kingston Harbour, is now scheduled to be auctioned on January 8th.

The ship was arrested on behalf of Italian company Jebmed SRL in its capacity as mortgagee of the vessel, for a debt of nearly $700,000, allegedly due from Capitalease, the owner of the ship.

In June 2017 Supreme Court Justice Carol Edwards granted an application for the Admiralty Bailiff to appraise and sell Trading Fabrizia within 30 days if Capitalease failed to provide alternative security of just over $1.9m to satisfy Jebmed and three other parties to the claim: X/O Shipping, which claimed an interest in respect of fuel supplied to the ship; Ligabue SPA, identified as an interested party; and Elburg Ship Management, agents of the former crew members of the ship, whose claim is for wages allegedly due to the crew.

A series of legal actions followed forcing the bailiff to wait until a Court of Appeal decision in October. The Admiralty Bailiff advertised the ship for sale by sealed tender, to be followed by an auction on November 21st, but that date has now been pushed back to January 9th 2018.

London-based shipbrokers CW Kellock and Company are handling the sale.

2011-built, Panama-flagged, 22,988 gt Trading Fabrizia is owned and managed by Capitalease SpA of Milan, Italy.