MFB Article - Hapag-Lloyd AG v Skyros Maritime Corporation

The High Court today gave judgment in Hapag-Lloyd AG v Skyros Maritime Corporation and Hapag-Lloyd AG v Agios Minas Shipping Company, two related arbitration appeals concerning damages for late redelivery of a ship under a time charter.

The decision and reasoning will be received with interest in the shipping market and beyond, given that it is relevant not only to late redelivery under a time charterparty but also to late delivery under sale of goods contracts where the goods are on-sold.

Ingolf Kaiser and Ryan Hunter of MFB acted for Hapag-Lloyd, the successful appellants, together with Steven Berry KC and Adam Board of Essex Court Chambers. Download our full article here.