China court frees Japanese freight boat after owner pays $28M in debt dating back to wartime

A Chinese court says today it has released a Japanese commercial ship after owner Mitsui O.S.K. Lines paid more than $28 million involving a dispute dating back to the wartime in the 1930s.

The Shanghai Maritime Affairs Court said in a statement Thursday that it freed Mitsui's Baosteel Emotion after the Japanese shipping firm paid the debt to the Chinese side as well as court costs.

The Saturday seizure of the container boat at a Chinese port, as ordered by the court, came after Mitsui failed to pay the compensation as ruled an earlier lawsuit in which Mitsui was sued for losing two leased Chinese ships in the 1930s.