SAM Shipping

Geneva-based dry bulk carrier owner and operator SAM Shipping (Shipping Asset Management) controlled 2010 built handysize bulk carrier 32K DWT MV SAM Eagle will be auctioned in July by District Court of the Southern District of Texas. MV SAM Eagle will be sold free of all liens, claims, mortgages. SAM Shipping (Shipping Asset Management) controlled MV SAM Eagle was arrested by Credit Suisse. MV SAM Eagle is one of several SAM Shipping (Shipping Asset Management) bulk carriers targeted by Credit Suisse. President of Azerbaijan’s son-in-law has appeared as the beneficial owner behind SAM Shipping (Shipping Asset Management). 9-June-2020

 

Geneve based SAM Shipping (Shipping Asset Management) has been trying to sell handysize bulk carriers. In 2009, SAM Shipping (Shipping Asset Management) was established in Switzerland for ship trading, ship operations, and ship management services. SAM Shipping (Shipping Asset Management) has built up a fleet of handy and supramax bulk carriers. But unfortunately, SAM Shipping (Shipping Asset Management) has been in a series of legal rows with financial institutions that have led to several ship arrests.

SAM Shipping (Shipping Asset Management) has been trying to offload some of its last remaining bulk carriers:
• MV SAM Wolf (2012 built 57K DWT)
• MV SAM Lion (2012 built 57K DWT)
• MV SAM Panther (2010 built 33K DWT)

SAM Shipping (Shipping Asset Management) has been circulating IMO Tier-II bulk carriers MV SAM Wolf, MV SAM Lion, and MV SAM Panther on the Sale and Purchase (S&P) market. In March 2020, SAM Shipping’s (Shipping Asset Management) creditor Credit Suisse repossessed 2013 built supramax bulk carrier 57K MV SAM Jaguar due to the long arrest of the MV SAM Eagle. In September 2019, Malta-based FIMBank arrested Credit Suisse financed MV SAM Eagle at US Gulf due to dispute over alleged bill-of-lading fraud. 7-April-2020

 

Geneva-based dry bulk carrier owner and operator SAM Shipping (Shipping Asset Management) controlled 2012 built supramax dry bulk carrier 57K DWT MV Sam Lion has suffered hull damage after hitting rocks off the Spanish enclave of Ceuta in North Africa on Tuesday. MV Sam Lion’s flat bottom has been damaged and is being patched up. MV Sam Lion is safe and stable and no pollution has been reported up to now. MV Sam Lion was carrying 40,000 metric tonnes of cement from Turkey and reported as cargo is undamaged. MV Sam Lion will be moved to a ship repair yard, as the damage was worse than had at first been thought. MV Sam Lion’s hull cracks will be reinforced and steel plates will be welded to the hull. All the damaged tanks will then be emptied. Swiss dry bulk carrier owner and operator SAM Shipping (Shipping Asset Management) investigating the incident. 9-July-2018