Carriers

US Court rules against Lauritzen in USD 20 million petition

A New York court of appeals rejected a Lauritzen Bulkers claim regarding access to USD 20 million in a dispute concerning charter receivables. This is confirmed by J. Lauritzen.
Photo: Rederiforeningen
Photo: Rederiforeningen
BY OLE ANDERSEN

A New York court of appeals rejected a claim from Lauritzen Bulkers to seize and release USD 20 million from HSBC, which the Danish carrier claims to be owed in a dispute concerning charter receivables involving company JTT International. Jens Søndergaard, senior vice president, Corporate Communications at J. Lauritzen, confirms this, though he declines to comment further on the ongoing case.

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