UK-based Lomar Shipping has launched an arbitration fight with China's Zhoushan Changhong International Shipyard over two 5,300-teu containerships.

Lomar is said to have lodged a claim against Zhoushan Changhong under London Maritime Arbitrators Association rules for not honouring the contract the two companies signed in September.

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Shipbuilding industry sources said Zhoushan Changhong agreed to sell two neo-panamax containerships to Lomar for about $36.5m