Lebanese shipowner Ghassan Ghandour’s Hermes Marine Management has become embroiled in a legal dispute with US commodities giant Koch Industries after a VLCC charter deal ended in an acrimonious manner.
Koch Shipping, the Singapore shipping unit of Koch Supply & Trading, arrested the Hermes-managed 320,000-dwt tanker Chloe V (built 2011) in Singapore two weeks ago against a SGD 8m ($5.9m)
