The Mexican government has decided to return a crane ship "Titan-2" registered in the Crimean peninsula to the Ukrainian "Chornomornaftogaz".
This is the first case when the property that belongs to former "Chornomornaftogaz" but registered in Kiev was handed over to a Ukrainian company by foreign agencies.
A leading role in this event was played by representatives of the "Naftogaz" and the "Chornomornaftogaz". In addition, some experienced Mexican advisors were involved to solve problems of the release of the ship.
Currently, the "Titan-2" is located at the Mexican port of Ciudad del Carmen, but it has been released and there is nothing that could prevent it from coming back to Ukraine. However, a recent hurricane has damaged the "Titan-2" a little and stranded it.
The ship was made for mounting and dismounting of above-water drilling platforms as well as for their maintenance and technical support. Officially, the "Titan-2" was registered in the State Joint Stock Company "Chernomorneftegaz".
In Mexico, the ship got into an subfrahta company Oceanografia SA de CV in 2011. In the recent time, the organization has become bankrupt. Prior to that, "Titan-2" for 8 years, I was in a bareboat charter in the Swedish organization.
The ship arrived to Mexico as freight of the Oceanografia SA de CV company in 2011. Recently the organization has become bankrupt. Earlier the "Titan-2" had been in a bareboat charter of the Swedish organization for 8 years.