Helsinki Shipyard, the Finnish builder of expedition cruise ships and icebreakers, has placed the second ship intended for Swan Hellenic up for auction, with bids closing tomorrow.

The closing date for tenders for 113.5 metre long SH Vega is 24 June and the winner of the bid will be published a week later. Signing of the sale agreement is due to take place on 11 July and delivery of the vessel eight days later.

“Helsinki Shipyard Oy seeks to obtain the best fair market value for the vessel and reserves the right to reject any and all bids,” the shipbuilder said in a statement.

The ship had been ordered by GTLK, a Russian company that was to charter the ship to Cyprus based Swan Hellenic. Media reports say that GTLK has defaulted payment for the ship and that its assets are frozen in the EU, which means it cannot take delivery. Swan Hellenic intends to bid for the vessel, reports say.