Overseas Shipholding Group (OSG) has withdrawn a lawsuit in the OW Bunker legal melee after a US judge in Connecticut said he could not stop an arrest of a VLCC in a foreign jurisdiction.

The New York tanker owner had filed the case in the US Bankruptcy Court in Bridgeport, Connecticut, seeking an order blocking arrests of the 319,000-dwt Overseas Mulan (built 2002) over a $2.02m