NYK to pay $8.5m compensation to Ningbo oil terminal

NYK to pay $8.5m compensation to Ningbo oil terminal

Ningbo Maritime Court has announced that it has ruled two affiliate companies of NYK, Burney Japan and Burney International, to pay RMB55m ($8.5m) compensation to Ningbo Shihua Crude Oil Terminal, a joint venture between Ningbo Port and Sinopec, over an incident in 2012.

Burney Japan’s oil tanker Takasuzu collided with the wharf at Ningbo Shihua Crude Oil Terminal during berthing on May 18, 2012, just three days after the commencement of operations at the terminal.

The incident caused severe damage to the terminal, and repair work led to operations being suspended though to September 2013.

The two companies had disputed the compensation amount and Ningbo Shihua brought the case to the court.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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