2:20 PM
Trung
A Vietnamese ship detained in China in a
commercial dispute is expected to head back to Vietnam Sunday, after
its owner, state-owned Vietnam Shipping Lines (Vinalines), paid
US$800,000 in compensation.
The payment
was made in accordance with a decision made by a Chinese court,
Vinalines Director General Nguyen Canh Viet said Thursday.
According to
Vinalines, the Vinalines Global ship, which boasts Vietnam’s largest
loading capacity (73,350 DWT), was hired by an Indian company which
failed to pay its transportation fees.
As a result,
Vinalines Ho Chi Minh City, which directly manages the ship, decided to
keep the goods on board, but these belonged to a Chinese company which
had already paid the Indian firm for it.
The Chinese
court last Friday concluded that Vinalines was wrong and had to
compensate the goods’ owner by Thursday, or it would order the ship
sold.
While paying
the compensation, Vinalines said it has ordered its branch in HCMC to
work with the Indian firm to demand that the latter repays it.
Reported by M.Ha
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