Last port of call was Almeria, Spain. Arrived in Quebec City on Apr 7th, 2021


http://www.ship2shore.it/en/shipping/pillarstone-stops-the-mba-giuseppe-in-canada_76915.htm
12/04/21 10:36 Pillarstone stops the MBA Giuseppe in Canada. The deadlock in the negotiations between the shipowner Michele Bottiglieri and the funds that hold the debt led to the arrest of the bulker in Quebec City.

https://www.shippingitaly.it/2021/04/15/michele-bottiglieri-armatore-si-protegge-dallattacco-dei-creditori-con-un-concordato-prenotativo/
15 Aprile 2021
La società Michele Bottiglieri Armatore Spa ha comunicato di “avere depositato in data 13 aprile 2021 ricorso c.d. prenotativo finalizzato all’omologazione di un accordo di ristrutturazione dei debiti o di un concordato preventivo con continuità aziendale”. La shipping company partenopea aggiunge che “la misura si è resa necessaria a seguito dell’iniziativa, recentemente adottata dal fondo Pillarstone, di chiedere il fermo della nave Mba Giuseppe nelle acque territoriali della provincia canadese del Quebec”. La stessa nota precisa infine che “l’apertura della procedura innanzi al Tribunale di Napoli consentirà alla Michele Bottiglieri Armatore Spa di avvalersi della protezione accordata dalla legge al fine di preservare i valori aziendali, inclusa la Mba Giuseppe, dall’attacco di singoli creditori nell’interesse dell’intera platea degli stakeholder”.
Google Translate:
The Michele Bottiglieri Armatore Spa company announced that it “filed an appeal on 13 April 2021 so-called booking aimed at the approval of a debt restructuring agreement or an arrangement with creditors with business continuity ". The Neapolitan shipping company adds that "the measure became necessary following the initiative, recently adopted by the Pillarstone fund, to request the arrest of the ship MBA Giuseppe in the territorial waters of the Canadian province of Quebec". Finally, the same note specifies that "the opening of the procedure before the Court of Naples will allow Michele Bottiglieri Armatore Spa to avail itself of the protection granted by the law in order to preserve company values, including MBA Giuseppe, from attack by individual creditors 'interest of the entire audience of stakeholders ".

https://splash247.com/premuda-swoops-for-pair-of-mr2-tanker-resales/
Apart from Premuda, which is the shipping platform used to manage the vessels, Pillarstone also created a fund called Finav for ‘collecting’ distressed assets which today exceeds $500m of financial exposure related to 25 ships.
The KKR-controlled turnaround fund became a creditor of performing shipping firms Mednav, Michele Bottiglieri Armatore and Morfini.

http://www.ship2shore.it/en/shipping/a-blank--arrangement-granted-to-michele-bottiglieri-until-mid-august_77619.htm
21/06/21 10:14
A ‘blank’ arrangement granted to Michele Bottiglieri until mid-August.
The Naples Court gave the shipping company 120 days to present a debt plan t and appointed a Judicial Commissioner

As of July 26, 2021, MBA G is still tied up at berth #21 port of QCity