A shipowning division of Nigeria LNG is nearing an agreement to end a long-running dispute over a fuel delivery brokered by collapsed OW Bunker.

A lawyer for ING, which has been chasing repayment of fuel bills owed to the Danish marine fuels giant as its main secured lender, has told a US federal judge that the litigants in a lawsuit in New York have reached an "agreement in principal" to end the dispute.