French banking conglomerate Natixis has been holding a Cido Shipping VLCC under arrest in Singapore over a $65m cargo claim, TradeWinds has learned.
The 318,000-dwt Miracle Hope (built 2019) was seized shortly after it arrived in Singapore from Kaohsiung on 12 March.
The ship is one of a pair of identical sisterships that Cido fixed last May on long-term charter to commodities giant Trafigura.
