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Yesterday Spain’s Supreme Court sentenced Apostolos Mangouras, the captain of the Prestige tanker, which sank off Spain’s northwestern coast in 2002, to two years in prison on Tuesday in a ruling that could have very damaging ramifications for a UK-based insurer.

Mangouras was convicted of recklessness resulting in catastrophic environmental damage, according to a statement by the court, overturning a previous sentence which cleared him of criminal responsibility.

The Prestige sinking saw roughly 63,000 tonnes of bunker fuel wash up along the Galicia coast.

The new ruling could see damage claims against the captain and the insurer, the London PI Club, with one prosecutor calling for more than EUR4bn.