Ship Co-Owner Wants Excel Maritime's Docs On Interest Sale

Law360, New York (July 10, 2013, 4:37 PM EDT) -- The co-owner of a vessel that Excel Maritime Carriers Ltd. plans to use to pay back unsecured creditors urged a New York bankruptcy judge Tuesday to force the dry bulk shipper to produce documents relating to a purported transfer of interest in the ship.

Robertson Maritime Investors LLC argues that the former co-owner of Christine Shipco LLC, which operates the MV Christine, sold its 71 percent interest in the $72 million ship to Excel for $35,000 without informing Robertson, the owner of the remaining 29 percent....
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