Magistrate Recommends Confirmation Of Award In Failed Charter Dispute

Mealey's (December 18, 2019, 3:20 PM EST) -- NEW YORK — A New York federal magistrate judge on Dec. 11 recommended that an $880,418.88 arbitration award in a dispute over a failed transport of shipment of road salt should be confirmed because the arbitration panel “acted within its authority” in construing the charter provisions and offered “a colorable justification” for the outcome (Pioneer Navigation Ltd. v. Chemical Equipment Labs, Inc., No. 19-02938, S.D. N.Y., 2019 U.S. Dist. LEXIS 214841)....