Seized Ukrainian ship sold at auction for €4.8mFriday 14 June 2013 19.29
A Ukrainian ship seized in Dublin Port in March has been sold at auction for €4.8m.
The crew of the Clipper Faith, who had not been paid since December 2012, were paid off and repatriated to their native Ukraine last month following intervention by the International Transport Workers' Federation.
The Clipper Faith was sold to a Greek shipping company.
The sale price will now be given to the Admiralty Marshall for distribution to creditors who include Dublin Port and the Amsterdam Trade Bank.