Greater ChinaShipyards

Sainty Marine wins arbitration

Sainty Marine has announced that it has received rulings from Hong Kong International Arbitration Center (HKIAC) regarding two shipbuilding contract disputes.

Sainty Marine signed with Sasa Shipping and Adriana Shipping in 2010 for the construction of two 82,000dwt bulk carriers. However, the two companies refused to take delivery of the vessels in 2012 as they felt the vessels hadn’t met the delivery terms, and applied for arbitration in 2013.

HKIAC ruled that Sasa Shipping and Adriana Shipping have breached the shipbuilding contracts. Sainty Marine only has to return $8.6m out of $19.08m prepayment to Adriana Shipping, while Sasa Shipping has to pay $1.37m to Sainty Marine in addition to $9.54m already prepaid to the shipyard.

Sainty Marine is also entitled not to deliver the vessels to the two companies.

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.


  1. hi there, do you have court case details for this legal case?

    Sainty Marine wins arbitration over sasa shipping and adrianna shipping

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