A New Jersey container lessor is suing its Dubai-based customer for $16.6m, accusing it of making off with more than 700 boxes.

SeaCube Containers filed a lawsuit this week in the US federal court for Delaware alleging Ace Global of defaulting twice on its 2013 lease for 740 containers, then not responding once it filed a notice of default.

"Ace Global beginning 2018 began to fall behind on lease payments, and as a result, SeaCube agreed to reschedule lease payments from Ace Global," the complaint, filed on 10 January,...