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Argentine tall ship Libertad detained in Ghana for Argentina debts

Oct. 3, 2012 at 14:39 by Mikhail Voytenko in Accidents

Reuters: An Argentine Navy training tall ship Libertad was detained in port Tema, Ghana, following the court order sought by creditors suing Argentina in international courts over its 2002 debt default, officials said on Oct 3. Argentina declared a world-record sovereign default during an economic meltdown a decade ago. It faces numerous lawsuits in U.S. courts by bondholders who want to recover the full value of the defaulted bonds and have sought to freeze state assets. It is that said NML Capital Ltd, an affiliate of the investment firm Elliott Management, had sought the court order. Libertad will only be able to set sail if Ghanian courts lift the order. Libertad was visiting Ghana as part of a West African tour and it is due to head next to Angola.
Sailing ship Libertad displacement 3765 tons, length 104 meters, built 1956, flag Argentina. Complement: 24 officers, 187 crewmen, more than 150 cadets.

Maritime Bulletin http://www.odin.tc

Argentine tall ship Libertad detained in Ghana for Argentina debts

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