A Syrian businessman placed on a US terrorism sanctions list has been ordered to pay $1m towards the legal costs of US-based investor Oaktree Capital Management in a dispute over terminated charters for two handysize bulkers.
OCM ended two 25-month bareboat charters with companies controlled by Greece-based Abdul Jalil Mallah after he was named in June 2021 as being part of a network that was smuggling Iranian crude oil to Syria.
