Fledgling Vietnamese bulker operator NHK Shipping has lost the use of one of its four ships during its first year in business, and suspects fraud on the part of an Indian charterer.

The 28,200-dwt Charlene (built 1996), remains at Port Sudan under arrest by the cargo receiver, an affiliate of Indian commodities trader Rika Global Impex, which arrested the ship in August last year with a damage claim greater than its resale value.