A Chinese shipyard has failed in an unusual bid to take findings of fact from an arbitration to appeal.
The dispute concerns a high value arbitration arising from the failure of a deal to convert the 255,000-dwt VLCC Aegiali (built 1987) into a very large ore carrier.
Aegiali at an earlier stage in the tanker's trading career.
The Embiricos owned vessel was booked for the conversion at Guangzhou Dockyard’s Wenchong yard in late 2007 but the project could not go ahead as the Guangzhou Maritime Safety Admininstration would not permit the vessel to navigate through waterways necessary to read the berth.
