Evangelos Marinakis-controlled Capital Ship Management said late on Monday its long-term bareboat charter agreements with Al-Iraqia Shipping Service & Oil Trading (AISSOT) have been terminated and that all six VLCCs under the deals are now trading spot or in short-term employment.
As a result of a lengthy and ongoing dispute arising from the cancellation, AISSOT seeks to arrest one of the Greek owner’s ships, the 320,800-dwt Andronikos (built 2019).
