Chinese iron ore importer Liu Qingwu is under legal attack from a US shipowner for allegedly failing to pay up on a London arbitration award after a chartering deal collapsed.
Rhode Island-based Phoenix Bulk Carriers joins a queue of disappointed creditors as Liu is the subject of a Chinese manhunt. But they hope to secure some of a $2.8m claim by attaching assets that may be in the hands of California-based companies that have had dealings with Liu's Tianjin Binhai Group.
