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London judge orders $108m deposit to free ship in Singapore
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The 333m-long Marshall Islands-flagged oil tanker Miracle Hope, which was arrested in Singapore waters by the Supreme Court Sheriff, is anchored in the Eastern Bunkering Anchorage of the Singapore Strait.
PHOTO: ANGLO-EASTERN/ FACEBOOK
The trade mayhem caused by the coronavirus pandemic played out in a London court after an oil tanker was arrested in Singapore in March, following a legal tussle involving companies from around the world.
On April 27, London High Court Justice Nigel Teare, in an unusual move, ordered two defendants to deposit US$76 million (S$108 million) as security into a Singapore court to free the tanker Miracle Hope, which was arrested in Singapore waters by the Supreme Court Sheriff over an alleged trade default.
