A Greek shipowner will have to pay Aegean Baltic Bank $10m after losing a UK court case arising from the abandonment of a tanker in Yemen five years ago.
The Greek lender sued owning company Renzlor Shipping, manager Oceanwide Shipping and Oceanwide managing director Alexandros Tranos over payments owed on a loan of up to $9m taken out to finance the 10,000-dwt product carrier Starlet (built 2003) in 2007.
