Asia

Shin Yang takes legal action against Gemilang Raya Maritime

Photo of Jason Jiang Jason JiangSeptember 19, 2017
255 Less than a minute

Malaysian shipping and shipbuilding group Shin Yang Shipping Corporation has filed a claim in the North Jakarta District Court against PT Gemilang Raya Maritime over a ship acquisition deal.

According to Shin Yang, the company sold and delivered four tugboats in October 2016 to PT Gemilang Raya who has yet to make payment for the vessels and respond to two payment demand letters sent in March and April 2017.

The four vessels in the deal, GRM Indramayu, GRM Asahan, GRM Polewali and GRM Sipirok have a total contract value of RM6m ($1.43m).

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Photo of Jason Jiang Jason JiangSeptember 19, 2017
255 Less than a minute
Photo of Jason Jiang

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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