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Sold to Alang Breakers

Ukraine’s Asset Recovery and Management Agency (ARMA) has failed to sell nine seized vessels located in Izmail, the 'Rondo', 'Svir', 'Avangard', 'Volgo Balt 225', 'Omskiy 6', all flying the flag of the Russian Federation, the 'Volgo Balt 193', flying the flag of the Union of the Comoros, and 'Omskiy 132', 'Naviger 2' and 'Volgo Balt 244', all flying the flag of Palau, after an auction scheduled for Oct 8, 2026, attracted no bidders. The fleet was offered as a single lot with a starting price of UAH 151.66 million (excluding VAT). It comprises eight dry cargo vessels and one oil tanker built between 1970 and 1988. Most of the vessels were in unsatisfactory technical condition following prolonged periods of inactivity. Some have also sustained damage from Russian attacks, adding to the potential cost of restoring them to service. In addition to the purchase price, a prospective buyer would have been required to pay approximately UAH 58.4 million in customs duties and cover further expenses related to repairs, maintenance, berthing and vessel registration. The auction’s failure left the future of the nine-vessel fleet uncertain.

Sold to Aliaga Breakers 808.265 USD https://www.seereisenportal.de/news/kreuzfahrt-news-schifffahrtsnachrichten/nach-elf-jahren-aufliegezeit-ms-funchal-fuer-808265-euro-zum-abbruch-verkauft/

Ukraine’s Asset Recovery and Management Agency (ARMA) has failed to sell nine seized vessels located in Izmail, the 'Rondo', 'Svir', 'Avangard', 'Volgo Balt 225', 'Omskiy 6', all flying the flag of the Russian Federation, the 'Volgo Balt 193', flying the flag of the Union of the Comoros, and 'Omskiy 132', 'Naviger 2' and 'Volgo Balt 244', all flying the flag of Palau, after an auction scheduled for Oct 8, 2026, attracted no bidders. The fleet was offered as a single lot with a starting price of UAH 151.66 million (excluding VAT). It comprises eight dry cargo vessels and one oil tanker built between 1970 and 1988. Most of the vessels were in unsatisfactory technical condition following prolonged periods of inactivity. Some have also sustained damage from Russian attacks, adding to the potential cost of restoring them to service. In addition to the purchase price, a prospective buyer would have been required to pay approximately UAH 58.4 million in customs duties and cover further expenses related to repairs, maintenance, berthing and vessel registration. The auction’s failure left the future of the nine-vessel fleet uncertain.

Ukraine’s Asset Recovery and Management Agency (ARMA) has failed to sell nine seized vessels located in Izmail, the 'Rondo', 'Svir', 'Avangard', 'Volgo Balt 225', 'Omskiy 6', all flying the flag of the Russian Federation, the 'Volgo Balt 193', flying the flag of the Union of the Comoros, and 'Omskiy 132', 'Naviger 2' and 'Volgo Balt 244', all flying the flag of Palau, after an auction scheduled for Oct 8, 2026, attracted no bidders. The fleet was offered as a single lot with a starting price of UAH 151.66 million (excluding VAT). It comprises eight dry cargo vessels and one oil tanker built between 1970 and 1988. Most of the vessels were in unsatisfactory technical condition following prolonged periods of inactivity. Some have also sustained damage from Russian attacks, adding to the potential cost of restoring them to service. In addition to the purchase price, a prospective buyer would have been required to pay approximately UAH 58.4 million in customs duties and cover further expenses related to repairs, maintenance, berthing and vessel registration. The auction’s failure left the future of the nine-vessel fleet uncertain.