Oldendorff Carriers has lost a Chinese court case to the Bank of China as expected. However, the $8.35m ruling against the German dry bulk giant will allow it to collect at last on what is now a $12.48m claim that has been mounting for more than four years.
The claim for losses and legal expenses comes in a complex multi-party bill of lading case that has been litigated in London and Qingdao.
