Tanker auctioned on online platform

The "Varada Blessing was recently auctioned off on online shopping platform Taobao.com for $16.7 million. The tanker was sold to Natalia Shipping after receiving 19 offers from six bidders, and renamed "Varada". The "Varada Blessing", which was owned by Singapore-based firm Varada One, had been berthed in the Pearl River estuary following an admiralty dispute. The "Varada Blessing" has undergone several ownership changes over the years. In Dec 2015, another of Varada One’s crude oil tankers, the "Varada Lalima", had been auctioned off after its owners failed to make payments for operations and maintenance of the vessel.