Anchored eight nautical miles away from the Goa shore, the vessel was owned by Pratibha Shipping Ltd, Mumbai, which went bankrupt in 2012 and has a cargo of 300 tonnes of crude oil on board.
'MT Pratibha Bheema', a ship abandoned mid-sea by its owners was auctioned by the Sheriff of Mumbai after a High Court order recently, fetching the state exchequer Rs 53.75 crore.
A senior port official said that the Liberia-based Autumn Harvest Maritime Company which owns the ship after the auction, has been asked to tow away the ship before the monsoon.
However,the department is preparing for the worst,fearing that the crude oil might spill during the monsoon.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
