International shipowners’ organisation Bimco is publicly reporting China’s Grand China Logistics (GCL) for ignoring court orders to pay more than $31m in an arbitration award and court judgment in favour of Norway's Spar Shipping.
But sources close to Bimco tell TradeWinds that its efforts on behalf of member Spar have been hampered by the complicated legal status and shareholding of GCL and its ties to other entities within Chinese conglomerate HNA Group, all of which they characterise as "messy".
