In a statement the Nasdaq-quoted bulker operator, which is based in Athens, said it is poised to pocket approximately $9.4m.
The claim stems from a dispute involving the premature termination of a fixture involving the 179,700-dwt Star Borealis (built 2011).
As we reported under former name STX Pan Ocean, the charterer cancelled the ten-year contract in June 2013 as it faced a cash shortage.
Pan
