Parakou Tankers, the tanker-owning branch of the late CC Liu’s shipowning group, has taken its final bow after shipowner Por Liu filed articles of dissolution with the Marshall Islands corporate registry.

That leaves Canada’s Third Eye Capital trying to collect on some $11m in arbitration awards in the closing chapter of its misadventure in alternative ship finance.

In several US, Marshall Islands and Singapore court actions, Third Eye is targeting Trafigura Group with subpoenas.