Dan-Bunkering (Singapore) Pte Ltd v The Ship "Yangtze Fortune" [2024] FCA 1149 - Federal Court of Australia (Justice Stewart) - 1 October 2024

Admiralty - Judicial sale of vessel - Right of owner to claim for sums owed by demise charterer - Priorities of claimants against proceeds of sale - Admiralty Act 1988 (Cth)

The motor vessel Yangtze Fortune, originally owned by Soar Harmony (SH), was a Liberian-flagged container vessel later converted for use as a livestock carrier. In 2017 SH borrowed the sum of US$24,600,000 from a bank, which it then paid to YF for the purchase of Yangtze Fortune under a memorandum of agreement.