The chartering arm of trading giant Trafigura has secured partial victory in an $8.5m claim for lost earnings at London’s High Court following the seizure of a VLCC in Singapore in 2020.
The 318,000-dwt tanker Miracle Hope (built 2019) had been on a long-term bareboat charter to Trafigura Maritime Logistics when it was arrested in Singapore by French banking conglomerate Natixis over a $65m cargo claim.
