Precious Shipping has fought off a legal challenge in the UK High Court by shipbuilder Sainty Marine over cancelled bulker contracts.
UK Commercial Court Justice Christopher Butcher dismissed an attempt by the Chinese shipyard, now known as Jiangsu Guoxin, to overturn arbitration awards made in 2018.
The case related to Hulls No 21 and 22, part of a series of 14 64,000-dwt bulkers ordered by Precious in 2013 and 2014, using an amended Shipbuilders Association of Japan (SAJ) form.
