Hong Kong-based Pacific Bulk Shipping (PBS) is trying to secure some $36m in a London arbitration against Geneva-based operator SwissMarine over a costly 2013 ship arrest.
SwissMarine managing director Peter Weernink tells TradeWinds that his company is being pressured to provide security that is out of proportion to the claim —and he believes SwissMarine’s liability ultimately will be far less than the security already provided.
“It’s
