We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Logistics Firm Sues 18 Insurers Over Rust On Ship's Tanks

Law360, London (December 6, 2018, 5:25 PM GMT) -- An international logistics company is demanding $1.4 million from 18 insurance companies after storage tanks aboard its new ship allegedly began rusting just months after it bought the vessel.

Golden Pacific International & Holdings (S) PTE Ltd. is suing firms including HSBC Insurance (Singapore) PTE Ltd. and three syndicates at Lloyd’s of London, according to documents filed at London’s High Court.

The ship was delivered to the claimants in January 2008 and the crew spotted rust on its tanks in March of that year, Golden Pacific said. The tanks’ condition worsened, prompting expensive repair work in China and Dubai in the...
Try Law360 FREE for seven days, take a free trial now.
map

Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

Related

Sections

Companies