UK broker Howe Robinson Partners is auctioning a platform supply vessel arrested in Gibraltar.
The Norwegian-built, 4,000-dwt Olympus (built 2014) is owned by India's Global Offshore Services.
Gibraltar Admiralty arrest papers seen by TradeWinds state the ship was arrested on 18 January.
Howe Robinson, the exclusive broker for the Admiralty Marshal of the Supreme Court in Gibraltar, said the PSV will be sold off on 24 April.
VesselsValue estimates the ship is worth $11.97m.
It left Varna in Bulgaria on 31 December.
Last year, Global Offshore said it had defaulted on an Axis Bank loan.
It said there was INR 112.6m ($14.39m) outstanding on the unsecured facility, plus interest.
No other details were provided.
Global Offshore has 10 offshore support vessels and a general cargoship.
In its third quarter, which ended on 31 December, the company made a profit of INR 48.9m, from a loss of INR 9.5m in 2017.
Global Offshore has been contacted for comment.
