Danish owner Lauritzen says it collected $30m from the disposal of the claim, which originally ran to $100m and on which it took a $77m writedown last year.
Jan Kastrup-Nielsen, chief executive of J Lauritzen, says the decision to sell was easy given the interest from specialists in the field in doing a deal.
“We had the option to sit down and see what happened and potentially wait two or three years or take the money and get on with life,” he told TradeWinds.
“Now
