Ocean Yield chief executive Lars Solbakken has revealed a decision is due soon in the legal battle over the ownership of four VLCCs acquired from Greece's Okeanis Eco Tankers.

Okeanis, also listed in Oslo, had served notice last year that it was exercising its repurchase option on the tankers that it chartered back.

Solbakken told a conference call: "We did not agree that they had the right to exercise those purchase options.