A Federal Court of Australia judge has ordered that a Singapore-controlled tanker linked to Oaktree Capital Management, and an Australian oil fuel supplier, appoint a mediator to help settle an ongoing dispute over a contaminated cargo of diesel fuel.
The mediator’s task will be to determine the amount of security required to secure the release of the 105,000-dwt LR2-type product tanker AG Neptune (built 2013), which has been languishing under arrest in Australia since 3 May.
