A U-Ming bulk carrier has been anchored in Riga for six months with a cargo owned by a sanctioned Russian businessman.

The 62,000-dwt Asian Majesty (built 2016) has been caught up in the legal implications of the European Union blacklisting of Dmitry Mazepin, said to have close ties to the Kremlin.

The Singapore-flag ultramax is anchored in the Latvian capital with 55,000 tonnes of the fertiliser potassium chloride on board, state broadcaster LTV has reported.