AsiaDry Cargo

Essar wins $48m case against Steel Authority of India

The Steel Authority of India (SAIL) will have to pay Essar Shipping $48m, an arbitration tribunal has ruled.

The tribunal decided SAIL had illegally terminated a contract dating back to November 2007 to transport 3m tonnes of coking coal from Australia to India.

The contract was subsequently renegotiated in March 2011 for a three-year period.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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