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It was not immediately clear whether further consolidation may follow involving other parts of Ardent’s operations
Prime Minister Lee Hsien Loong said the suspension would not apply to economic sectors deemed ‘strategic’ or that ‘form part of a global supply chain’
The vessel remains stable, while underwater inspections are being conducted to examine the hull condition
The Polaris very large ore carrier is stranded about 100km off the coast of Sao Luis, Brazil
PDLNG Dua is slated to be the world’s first FLNG vessel to operate in deep water
Vafias Group is listed as the beneficiary owner of the vessel, while the Greek owner’s tanker arm StealthGas is the commercial operator, according to Lloyd’s List Intelligence data
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