The fate of the arrested log carrier New Giant remains uncertain as the ship heads into another week at anchor in Poverty Bay outside Eastland Port.
The company contracted to look after the ship on behalf of the High Court of New Zealand has heard no word on any progress in talks between the ship's owners and their creditors.
All parties are awaiting a decision from the South Korean receivers of STX Pan Ocean.
New Giant and another log ship Fengli 12 sheltered at anchor in the lee of Young Nicks Head over the weekend as swells up to 6.8 metres high associated with the southerly weather system were recorded in Poverty Bay.
The crew on the two log boats reported no issues with the heavy swell.
