Dubai-based shipowner and operator MUR Shipping started the Force Majeure Clause in its COA (Contract of Affreightment) with charterer RTI in April 2018 four days after the United States government imposed sanctions on metals tycoon Oleg Deripaska, then president of the charterer’s parent company, Rusal. Oleg Deripaska-led RTI wants the English court to overturn the ruling in a dispute over seven (7) bulk carriers of Dubai-based shipowner and operator MUR Shipping. Oleg Deripaska-led RTI appealed to the English courts over the loss of a $2 million arbitration award when the company’s COA (Contract of Affreightment) was terminated by MUR Shipping.
Dubai-based shipowner and operator MUR Shipping has a fleet of 41-owned geared dry bulk carriers, ranging from 27,000 to 61,000 dwt. MUR Shipping fleet consists of open hatch box-shaped, mainly log or grab-fitted bulk carriers.
Dubai-based shipowner and operator MUR Shipping has built long-term relationships with first-class shipyards in Japan and China. MUR Shipping has assisted in the capability to offer charterers access to high-quality, modern, and fuel-efficient dry bulk carriers with an extensive range of freight and trade routes. Dubai-based shipowner and operator MUR Shipping controlled dry bulk carriers have many features that enhance energy efficiencies allowing to reduce the impact on the environment. Including the chartered fleet, Dubai-based shipowner and operator MUR Shipping controls a fleet size of around 140 on the water at any given time. 3-October-2022