China Forestry fails to keep evidence in NZ during shipping dispute

China Forestry fails to keep evidence in NZ during shipping dispute
The Achilles Bulker has been at Port of Tauranga since the rudder accident in July. (Image: Supplied)
Oliver Lewis
The New Zealand arm of a multinational forestry group has failed in its bid to have evidence of a shipping failure preserved in NZ to help it with offshore arbitration.On July 24, the Achilles Bulker lost its rudder as it left Port of Tauranga.The ship, owned by SE Apex Corporation (SEA), was carrying logs owned by China Forestry Group Corporation (CFGC) NZ, a large forestry manager and exporter. CFGC had sold the logs but the buyer terminated the contract because China Forestry wasn’t able to deliver, so CFGC is claiming against SEA...

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