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...
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