Dutch reefer shipping company Seatrade has decided to appeal a notable verdict issued against the company and two of its executives in March, a spokesperson from the company tells ShippingWatch.

It caused a stir when Seatrade and the executives about a month ago at a court in Rotterdam were sentenced to pay fines of EUR 50,000 to EUR 750,000 for having breached European laws in relation to the scrapping of four vessels in India. Seatrade has continuously maintained that it disagrees with the verdict, and the company immediately began to review the documents when the verdict was handed down.