Paul Singer News

TF president Paddy Crumlin condemns those responsible for seizure of 'Fragata Libertad', an Argentine navy training ship, in Ghana. The detention of the ship was ordered on application to a court by Elliott Capital Management, which has bought up debt associated with bonds on which the Argentinian government defaulted in 2001. He continued: “In trying to hold hostage one government over a dispute on sovereign debt by holding the Libertad hostage, Singer shows that he only holds one thing sacred: making more profit and building his wealth.

A Ghana court judge rejected plea to release the 'ARA Libertad' training ship, detained through complaint by a US hedge fund creditor. The sail training ship has been detained with more than 200 hundred crew members on board since 2, October 2012 in a port close to the West African port of Accra, reports Bernama. The ARA Libertad is a three-masted tall ship that stopped at Tema while training hundreds of Argentine navy cadets. The seizure of the flagship of Argentina's Navy stems from a complaint from a US hedge fund.

Global maritime security services provider, Securewest International, has called on the leading maritime regulatory bodies and, if necessary, governments to implement an international maritime security services ‘gold standard’ in a bid to halt the spread of unauthorized and inexperienced private security companies who may be carrying out dangerous or unlawful practices in the name of maritime security, often using Security Officers with little or no formal maritime training. Commenting following his involvement in a recent BBC Scotland debate on the subject of piracy with guests The Honourable Gwyneth Dunwoody MP (Chair of the UK government’s Transport Committee) and Captain Pottengal Mukundan of the International Maritime Bureau…