A New Jersey container lessor is suing its Dubai-based customer for $16.6m, accusing it of making off with more than 700 boxes.
SeaCube Containers filed a lawsuit this week in the US federal court for Delaware alleging Ace Global of defaulting twice on its 2013 lease for 740 containers, then not responding once it filed a notice of default.
"Ace Global beginning 2018 began to fall behind on lease payments, and as a result, SeaCube agreed to reschedule lease payments from Ace Global," the complaint, filed on 10 January, read.
"Ace Global nevertheless fell behind on agreed, rescheduled payments and despite repeated demand, has failed to honour its agreement to make those payments."
SeaCube said it notified Ace Global of its default on 20 December 2021, demanding back pay and the return of its containers.
The company said it has not yet been informed of where the containers are, as Ace Global is required to do after an alleged default according to the contract, nor has it returned them to a location of SeaCube's choosing.
SeaCube is seeking $12.9m for the containers, plus $3.7m in late payments.
It is seeking to garnish Ace Global property held by four US-based companies.
Ace Global did not return a request for comment.
On its website, the company said it provides logistics solutions for both containerised and liquid cargoes in the Middle East Gulf region.
SeaCube is being represented by Timothy Jay Houseal of Young Conway in Delaware and Stephen Simms of Baltimore-based Simms Showers.
