George Moundreas & Co is targeting US-held assets of China's troubled HNA Group after London arbitration wins against Jinhai Intelligent Manufacturing, the former Jinhai Heavy Industry.
The Greek company, the broking operation of the shipowning family behind NGM Energy, holds final awards worth some $2.28m plus interest for unpaid commissions on five ultramax bulker newbuildings.
Now it is turning to the US to collect the money.