Owners pay US$300,000 to release ships detained by Indonesian navy near Singapore

Nov 14, 2021 | INVESTING

More than a dozen shipowners have made payments of about US$300,000 apiece to release vessels detained by the Indonesian navy, which said they were anchored illegally in the country’s waters near Singapore, according to sources with direct knowledge of the matter.The dozen sources include shipowners, crew and maritime security sources all involved in the detentions and payments, which they say were either made in cash to naval officers or via bank transfer to intermediaries who told them they…

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