Judge Confirms $523K Award In Ship Charter Dispute Over Cargo Cancellation

Mealey's (July 31, 2020, 10:02 AM EDT) -- NEW YORK — A federal judge in New York on July 26 confirmed an arbitral award of more than $523,000 in favor of a ship owner that was contracted to bring its vessel from Africa to South America by a charterer that lost its contract during the trip and whose subsequent claim of force majeure was rejected during arbitration (Phoenix Bulk Carriers [BVI] Ltd. v. Triorient LLC, No. 20-936, S.D. N.Y., 2020 U.S. Dist. LEXIS 132274)....