Credit Suisse has released its grasp on a tanker tied to Ravi Mehrotra's Amer Shipping in a US court.

The bank filed papers with a federal court in Galveston this week asking a judge to issue an order dismissing the lawsuit that seized the 106,000-dwt Kanpur (built 2005) while it was off the Texas coast.

The company's lawyer, Keith Letourneau of Blank Rome, did not give a reason for the dismissal and could not be immediately reached for comment.