Federal Judge Confirms London Arbitration Award For Korean Shipping Company

NEW YORK - A New York federal judge on March 15 granted a Korean shipping company's motion to confirm a London arbitration award issued in its favor, finding that a bulk carrier failed to show that the court lacked jurisdiction over the case (STX Pan Ocean Shipping Co. Ltd. v. Progress Bulk Carriers Ltd., No. 12-5388, S.D. N.Y.; 2013 U.S. Dist. LEXIS 49906).