A US judge has issued a scathing opinion concluding that the shipping empire of Ukraine’s Viktor Baranskiy is wedded by fraud to collapsed Industrial Carriers Inc (ICI) and that it continues to receive financial aid from an alleged offshoot of the company.

District Judge Robert Doumar, of the federal court in Norfolk, Virginia, has also ordered the sale of the 169,000-dwt combination carrier (OBO) Cape Viewer (built 1992), which is controlled by Baranskiy’s Vista Shipping.

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