A VLCC owned by a subsidiary of Evangelos Marinakis’ Capital Ship Management (CMS) is the subject of a legal battle after being arrested in South Korea over allegations of more than $10m in unpaid charter-hire payments.
A partner from Seoul-based law firm Jipyong, acting for arresting party SK Shipping Europe (SKSE) — the European arm of South Korea’s SK Shipping — confirmed to TradeWinds that the 321,000-dwt Miltiadis Junior (built 2014) was arrested in Daesan on 26 June after a pre-judgment attachment order was delivered by Daejeon District Court.
