Germany’s Oldendorff Carriers has won a partial payment after a settlement with two of the Chinese parties in a complex $12.5m case over an iron ore shipment that went badly wrong.
“[But] our fight with Bank of China is still bitterly ongoing,” an Oldendorff official told TradeWinds.
The official explained that Oldendorff’s immediate charterer, SCIT Services HK, has paid partial compensation for Oldendorff’s losses in the case, as has SCIT’s subcharterer, Xiamen C&D Minerals.
