VLADIMIR LATYSHEV
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Court hearing postponed
On Sep 17, the Saint-Malo court postponed until Nov 19 the hearing regarding the auction of the 'Vladimir Latyshev', pending the authorisation for the ship's sale from the Directorate General of the Treasury. This was because the freezing of the vessel under European sanctions prohibited any transfer of ownership.. This marked the second consecutive postponement of the hearing concerning the auction of the Russian vessel, which has an estimated starting price of €2 million. The sale was intended to repay the creditors of the shipowner, Alpha LLC. Until August 2025, the Saint-Malo-based company Timac Agro covered the bills required to maintain the vessel and meet the crew's needs, specifically fuel, electricity, and provisions for the sailors. The fertiliser giant was subsequently reimbursed by the Russian shipowner. However, the latter has not paid the bill since February 2025, when the company stopped paying the vessel's port fees, after transfers between European and Russian banks were blocked. Faced with these outstanding payments, Timac Agro has requested that the cargo ship be sold at auction. The ship currently houses four crew members. The captain, who has been on board for nearly a year, was expected to be relieved of duty soon. Report with photo: https://www.20minutes.fr/monde/russie/4246258-20260917-saint-malo-cargo-russe-bloque-depuis-debut-guerre-ukraine-peut-etre-trouve-issue
No end in sight for detained bulk carrier
No departure was in sight for the "Vladimir Latyshev" from the port of Saint-Malo. The Saint-Malo court was scheduled to meet on June 18, to oversee the auction of the Russian bulk carrier as the next step in the legal proceedings, initiated by the company Timac Agro to recover its debts from the ship's owner. However, the hearing was postponed, and the ship's future has become even more uncertain. The unpaid bills, the subject of the dispute that led to the preparation of the auction, concerned the upkeep of the ship with fuel and electricity, the crew's food needs as well as the port fees. During the hearing at the Saint-Malo courthouse on June 18, the shipowner Alpha LLC indicated its opposition to the sale of the ship. The company implicated by Timac Agro did not own the ship, according to Maxime Goyer, the shipowner's lawyer, citing the lack of connection between Alpha LLC and the ship's owner, the Russian company JSC GTLК.
Stranded Russian ship to be sold at auction
The "Vladimir Latyshev", which has stuck in the port of Saint-Malo since March 2022 following European sanctions against Moscow, will soon be sold. The auction, ordered by the courts, could take place in early autumn. The port of Saint-Malo was contacted on May 5, 2026, by a bailiff to prepare for the auction of the bulk carrier. The shipowner, the Russian company Alpha LLC, stopped reimbursing the expenses incurred by the Saint-Malo-based group Timac Agro in February 2025 and was ordered to pay €125,960 in outstanding debts on Dec 16.
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