A UK court has rejected an appeal by Star Bulk Carriers over whether Hyundai Heavy Industries & Construction's Philippines should pay for more than the physical damage to a capesize that suffered an engine failure.
High Court Justice Jeremy Cooke that the newbuilding contract between the New York-listed bulker owner and HHIC-Phil does not allow any claim against the shipyard group for lost revenue and lower vessel value as a result of the problems on the 180,000-dwt Star Polaris (built 2011).
In
