A bulker that has been a long-time loiterer off Alang was sold as the High Court of Gujarat ordered a boxship seized, leaving the number of scrapping candidates under arrest off the Indian demolition hub unchanged this week.

The sale is that of the long-suffering 34,800-dwt Infinity (built 1985), a vessel handled by cash buyer Global Maritime Systems (GMS) that local sources say has been under arrest since October 2015.

The fresh arrest is that of Continental Shipping’s 1,015-teu feedermax containership Inle Star (renamed Lea, built 1996), currently under the control of Singapore-based cash buyer Wirana Shipping. It was ordered arrested over a collision with a car carrier, the 4,113-car Dream Diamond (built 2007).

Proceeds from the sale of the Infinity, whose disposal nearly lived up to its name, will not go far. Once port charges, conservancy costs and the sheriff’s bill are deducted from the sale price of $2.19m, there will be less than $2m to satisfy the $12m to $13m in claims.

The crew come first, with $654,000 in unpaid wages. After that, mortgage holder Warwick Capital Partners, a London hedge fund with little involvement in shipping, stands to get between $1m and $1.3m of the $4m it is owed.

But everybody else is out of pocket, including GMS, by $3.5m to $4m; rival cash buyer NKD Maritime with its claim for a $1.5m deposit; the Liberian Registry with more than $90,000 in unpaid fees; and the ubiquitous ING Bank in its worldwide campaign to see that it is paid for fuel provided through collapsed OW Bunker.

The Infinity was owned by Erol Yucel’s Glamour Maritime and managed by Turkey’s Makro Denizcilik, also linked to Yucel.

Meanwhile, Dubai-based car carrier owner Sallaum Lines is demanding $307,000 in damages from the collision of the Inle Star with the Dream Diamond, which is believed to have occurred off Sri Lanka on the feedership’s final passage to Alang as the car carrier was China-bound.

But Wirana and original sellers Continental are asking the court to vacate the arrest and add the sellers and buyers to the docket as defendants to fight the arrest. Papers filed with the High Court of Gujarat in Ahmadabad do not provide information about the owners’ version of the collision story.

The sum claimed would take a chunk out of the demolition value of the Inle Star.

Two memoranda of agreement seen by TradeWinds show that a Continental subsidiary sold the ship on 26 June for $345 per ldt, or $1.79m, to Warne Maritime, a company with the same address in Singapore as Wirana. Wirana then sold it on the next day with a mark-up of about $37,000 to Triveni Ship Breakers.

Continental would seem to have got its money’s worth out of the Inle Star, which it bought in December 2013 under the name Florentia for just $3m.

Continental is controlled by Captain U Ko Ko Htoo. TradeWinds has previously reported on the company’s quiet fleet build-up after the easing of sanctions on Myanmar. Continental Shipping, Continental Investment and CSL Ship Management are all connected to Yangon-based RK Shipping & Trading.