Singapore seizes Italian firm's ships due to unpaid debt

Reuters, 23 Aug 2012
Aug 24 (Reuters) - Singapore has arrested two vessels owned by Italian shipping firm Rizzo Bottiglieri De Carlini Armatori due to an outstanding debt of nearly $5 million, a lawyer handling the case said on Friday.
Singapore's Supreme Court approved the arrest this month of the 109,000-deadweight tonne crude oil tanker, Adele Marina Rizzo, and 178,000-tonne dry bulk carrier, Cavaliere Grazia Bottiglieri, according to the court's website. Full story

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