Japan ship firm pays about $40 million to China after seizure - media


  • World
  • Thursday, 24 Apr 2014

TOKYO (Reuters) - Japanese shipping firm Mitsui O.S.K. Lines Ltd has paid about 4 billion yen ($39 million / 23.2 million pounds) in settlement to China as compensation stemming from a wartime contractual obligation, following a seizure of its ship by a Chinese maritime court in Shanghai, Japanese media said on Thursday.

What the company paid for was 2.9 billion yen in compensation plus interests, the Yomiuri newspaper and public broadcaster NHK said.

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