Argentine vessel released

Argentina Ship

Wed, 19 Dec 2012 Source: Joy Online

The detained Argentine naval ship at the Tema Port has finally been released and is sailing off the shores of Ghana.

This follows a Supreme Court ruling on Wednesday which nullified an earlier High Court ruling.

The High Court ruled in favour of NML capital, an investment firm that said Argentina owed it $370 million dollars which culminated into the detention of the vessel since October.

This sparked a diplomatic row between Ghana and Argentina after government filed an appeal for the release of the vessel.

Argentina subsequently lodged a complaint at the International Tribunal for the Law of the Sea which ruled in its favour ordering the unconditional release of the vessel.

The government of Ghana also secured a verdict at the Supreme Court to overturn the decision by the High Court.

Acting Director of Ports at GPHA, Jacob Adokor in an interview with Joy News confirmed the courts decision, adding the the vessel has been released.

Source: Joy Online