Judge Prohibits Liquidators from Sea Malta Selling Ships

Thursday, March 16, 2006
Liquidators who had been appointed to dispose of Sea Malta's assets have been prohibited from selling two vessels after an application filed in the First Hall of the Civil Court by a group of 42 former employees of the company, who claimed that their employment had been terminated, was upheld by the Court, according to a report on www.di-ve.com. The former employees claimed that their employment with the company had been terminated, and that the company was in liquidation with liquidators being appointed to dispose of its assets. However, all of the 42 former employees, were still owed money from the company for their salaries and other benefits including termination benefits. The men requested the court to prohibit the company from selling the vessels or any part of them, while also prohibiting the company from registering any mortgages or hypothecs on the vessels. (Source: www.di-ve.com)
Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Sales

Fratelli Neri Orders Damen Tug

One of the largest Italian tug owners, Fratelli Neri S.p.A, ordered its first Damen tug, an ASD 3212, on 21 July 2015.   The vessel will be the first ASD tug

China Shipping Orders Eight 13500 TEU Box Ships

China Shipping Container Lines has placed orders for eight 13,500 twenty-foot-equivalent container ships at Shanghai Jiangnan Changxing Shipbuilding, continuing

Pacific Basin Returns to The Black

Pacific Basin Shipping cut its half-year underlying losses by 32 per cent to US$14.6 million from a year ago, thanks to stringent cost-cutting efforts that helped

 
 
Maritime Security Maritime Standards Navigation Pipelines Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0860 sec (12 req/sec)