London bank Close Brothers has won a UK admiralty court case entitling it to reclaim unpaid mortgage instalments from a collapsed domestic shipowner.
Admiralty registrar Jervis Kay said in a ruling that Close was trying to reclaim £220,600 ($290,000) plus interest and costs from AIS (Marine) and its director Paul Chandler, who had provided a guarantee.
The sum is the shortfall arising out of a marine loan and mortgage from 2015 relating to the wind farm support vessel Ocean Wind 8 of Hartlepool.
