Western Bulk says the ruling is being appealed and prospects for recovery of the company’s counterclaim is also “uncertain due to the financial standing of the claimant.”
Western Bulk was sued for $12.3m plus interest at 5% per annum since 2006 as well as costs amounting to a further NOK 5.8m ($774,000) in a dispute over the wrongful arrest of the 19,500-dwt bulker Centauri (built 1977) in Angola.
The
