Dubai-based tanker owner Folk Shipping and mortgage holder Arab Bank have taken action in Pakistan over the alleged piracy of a chemical tanker by a caretaker in Iraq.

Abdulla Obaid, the proprietor of currently shipless Folk Shipping, told TradeWinds a long-time business associate, who had been entrusted with the repair of the 6,200-dwt Jal Doot I (built 2008), repainted it and sold it under a false name and IMO number.