Sinochem Settles Shipping Co.’s $51M Explosion Suit

Law360, New York (February 1, 2012, 5:42 PM EST) -- A New York federal judge on Wednesday signed off on a dismissal agreement in a Chilean shipping company's $51.3 million suit against Sinochem Tianjin Co. Ltd. for allegedly sending flammable chemicals on a ship that later exploded.

U.S. District Judge William H. Pauley signed off on a voluntary dismissal with prejudice by Compania Sudamericana De Vapores SA of its suit against the Chinese chemicals exporter, noting the parties had settled their dispute over a sealed container bearing explosive calcium hypochlorite that Sinochem had allegedly sent without...
To view the full article, register now.




Case Information

Case Title

Compania Sudamericana De Vapores S.A. v. Sinochem Tianjin Co., Ltd.

Case Number



New York Southern

Nature of Suit

Contract: Marine


William H. Pauley, III

Date Filed

December 6, 2006

Law Firms

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.