Ukraine’s Asset Recovery and Management Agency (ARMA) is preparing for the sale of a seized bulk carrier.
The agency announced the planned sale on October 16, saying the ship could potentially be used as a floating grain storage facility.
Built in 2000, the vessel is 225 meters long and 32.26 meters wide, with a deadweight capacity of 73,281 tons and seven cargo holds.
According to the agency’s website, the vessel is currently located within the waters of the Chornomorsk seaport in Odesa region.
An appraiser has concluded that the asset is in satisfactory condition and could be utilized as a floating grain storage facility for the storage and transshipment of dry cargo.
The agency noted that this type of operation could be relevant for the logistics and transportation sectors, given the need for additional capacity to handle grain and other bulk cargoes.
The vessel was previously owned by a company registered in Russia. ARMA said it could be used to transport or store dry bulk cargo.
In April 2023, the Pechersky District Court of Kyiv issued a ruling to transfer the seized vessel to the management of ARMA.
The agency added that preparations for the sale of the seized asset were intended to ensure a transparent and competitive process and generate economic benefits for the Ukrainian state.
ARMA has not announced an auction date, asking price or prospective buyer.
