A Ukrainian businessman is suing an arm of the National Iranian Oil Co (NICO) for $95m in a decade-long dispute over a tanker that was rammed, arrested and sold off after its crew mutinied.
Swiss-based Vitaly Sokolenko says officials from two subsidiaries took advantage of his cash-strapped position to renege on a deal to charter the 153,000-dwt suezmax Alexandra I (built 1997) after it was badly damaged in a collision.
