News

sold to Breakers 512 USD/TO

The 'Emmakris III', which has been in Ukraine since the start of the Russian war is to be auctioned by Ukraine’s Asset Recovery and Management Agency (ARMA). The vessel has been posted on ARMA’s website, as the vessel was being prepared for sale. It had tried to sell the ship earlier, but in 2024 decided to seek a manager to use the ship for grain storage while it continued to pursue the case through the courts. In 2025, reports said that the ARMA had been successful in the courts in stopping the removal of the bulker. Although the vessel’s registered owners were reported to be in the UAE, the beneficial owners are a Russian company, Linter, registered in the city of Rostov-on-Don. The vessel was managed from Turkey. At the start of the war, the 'Emmakris III' was in Chornomorsk to load approximately 60,000 tons of grain bought by the Egyptian government. When Ukraine took control of the ship in 2024, it had the vessel inspected and appraised. At the time, it was valued at $2.6 million, and ARMA said it ascertained that it was in a healthy state. The most recent listing stated that the vessel remained in satisfactory condition. The ARMA has not indicated when the sale would commence. Its mission is to raise funds from confiscated assets to compensate the state for its financial losses during the war. The assets were awarded by the courts.

sold to Breakers

Sold to Alang Breakers

Having just been renamed from 'Skane Jet', the 'Europchampion Jet 2' transited the Kiel Canal en route from Mukran to Vigo on Nov 15, 2025, with an ETA as of Nov 17. Having been sold to the Greek operator Seajets, she sailed westbound towards the Mediterranean, where she will start a new lease of life.