The ship was to dock in Gisborne to load logs, and was scheduled to come in when the loading of the log boat now alongside the wharf was completed.
Eastland Group chief executive Matt Todd said they have been told the owners, South Korean shipping company STX, were under some level of financial stress and were put into receivership.
“There is a chance the vessel could be held on behalf of the creditors . . . ‘arrested’ is the terminology,” Mr Todd said.
“It could have a writ nailed to its mast.”