Market Commentary and Intraday News
Seized Argentine ship remains in Ghana
256 days ago
(AP:TEMA, Ghana) Ghanaian officials are not about to release an Argentine naval ship that was seized in the West African nation due to a complaint by a U.S. hedge fund.
Officials of the Ghana Ports and Harbors Authority say they will release the ship only after they receive a court order. The tall ship ARA Libertad is being held at Tema Port near Accra.
"The vessel arrived at Tema on Monday and we received a court injunction for its seizure because of debts it owed in the U.S., soon after," said Kumi Adjei-Sam of the ports and harbors authority. "We are only complying with the court order and whenever we receive information that the parties have resolved the issues involved, we would release the vessel which has 300 officers and men."
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