China Cosco Has Third Ship Arrested as Owners Seek Overdue Fees
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A China Cosco Holdings Co. vessel was arrested at the request of Bunge SA, at least the third attachment against China’s largest shipping company in two months as owners seek late charter payments.
The Yu Lan Hai was detained as Geneva-based Bunge sought $294,252 in fees plus costs from Cosco unit Cosco Bulk Carrier Co., according to court documents. The ruling was granted by Judge Helen G. Berrigan of the U.S. District Court, Eastern District of Louisiana on Aug. 18.