Last remaining seats to the Jpost 2017 Annual Conference! Get your special offer now

Argentina axes navy chief after frigate seized in Ghana

ByREUTERS
October 16, 2012 01:32

BUENOS AIRES - Argentina replaced its navy chief on Monday as it investigates the seizure of a frigate in Ghana by bondholders who say they will not release the vessel until the South American country repays money owed them after its 2002 debt default.

The Libertad, a training frigate with some 300 crew on board, was detained in the Ghanaian port of Tema on Oct. 2 under a court order obtained by NML Capital Ltd, an affiliate of investment firm Elliott Management.

The firm says Argentina owes it over $300 million on defaulted debt and it will only release the ship if the country pays it at least $20 million.

Share this article via
from around the web
Related Content
Breaking news
April 25, 2017
US deeply concerned by Turkish air strikes on Kurdish fighters

By REUTERS

Top Stories
Israel Weather
  • 13 - 27
    Beer Sheva
    15 - 23
    Tel Aviv - Yafo
  • 15 - 23
    Jerusalem
    13 - 23
    Haifa
  • 19 - 29
    Elat
    20 - 30
    Tiberias