Russian Co. Wins $2.3M Attachment Over Forsaken Oil Cargo

By Caleb Symons (May 16, 2022, 8:22 PM EDT) -- A subsidiary of the Russian oil company Lukoil won a $2.3 million attachment order against N2 Tankers, a Dutch shipping firm that refused to pick up at least 80,000 metric tons of crude oil from a Russian port city amid the early days of Russia's war against Ukraine.

That order, issued Friday by a federal court in New Jersey, covers fuel aboard the N2 Tankers ship M/T Nordbay, which Litasco S.A. — the Swiss marketing and trading arm of Lukoil Oil Co. — had requested just two days earlier while it seeks arbitration in London.

In his ruling Friday, U.S. District...

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