A UK High Court judge has thrown out a claim by Teekay Tankers for more than $178m against South Korea’s STX Offshore & Shipbuilding over a series of aframax tanker newbuilding orders that collapsed.

Justice Paul Walker rejected a claim by Teekay, saying the shipowner had “put its case too high,” ruling in favour of STX’s argument that an agreement over the 12 options was void.

“If