In a dramatic new twist to the case, Venezuelan shipowner Wilmer Ruperti, who had been ordered to make a payment of $59.21m to Novoship as a result of the judgement, was in court to give fresh evidence, but this time on behalf of the Russian shipowner.

TradeWinds understands that Ruperti changed camps to speak on behalf of the SCF Group division after reaching an agreement with the company on the cash he owed.