China Court Frees Japanese Ship After Unprecedented Seizure
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A Chinese court released a Japanese ship owned by Mitsui O.S.K. Lines Ltd. after the cargo carrier paid compensation for the loss of two vessels leased from a Chinese company before the two countries went to war in 1937.
The Tokyo-based company paid 2.9 billion yen ($28 million) as judgment and 2.4 million yuan ($384,585) in court fees, according to a statement posted on the microblog of the Supreme People’s Court. Mitsui O.S.K.’s 226,434-ton Baosteel Emotion, impounded April 19 at Majishan port in Zhejiang province, is preparing to leave, the shipping company said in a statement.