Dutch multinational banking conglomerate ING has gone on the warpath in Singapore, arresting two tankers that it has accused of misdelivering cargoes.
This has left Navig8 Chemicals and Vietnam Ocean Shipping Co (Vosco) as the latest tanker operators to join the growing list of players stung by discharging cargoes against letters of indemnity rather than bills of lading.
ING seized Navig8 Chemicals' 37,600-dwt chemical/product tanker Navig8 Ametrine (built 2015) on 19 November, court records revealed this week.
