The parties have agreed to dismiss a lawsuit in a federalcourt in Manhattan, and Polsteam has pulled the plug on a similar action againstthe Swiss trader in New Jersey, court records show.

As TradeWinds has reported, Polsteam sought to seize Novelassets in the United States as part of a broader dispute over a 2012 rice voyage of thePolish owner’s 16,600-dwt bulker Olza