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PROBO II LONDON v. ISLA SANTAY MV

No. 95-30731.

92 F.3d 361 (1996)

PROBO II LONDON; Baro Shipping, Ltd., Hong Kong, Plaintiffs-Appellants; Cross-Appellees, v. ISLA SANTAY MV, her engines, tackle, apparel, etc., in rem; Transportes Navieros Ecuatorianos; Defendants-Appellees; Cross-Appellants, The Panama Canal Commission, in personam, Defendant-Appellee, Probo Baro MV, her engines, tackle, apparel, etc., in rem; Probo Two Ltd.; Torvald Kvaveness & CO A/S, Defendants.

United States Court of Appeals, Fifth Circuit.

August 27, 1996.

Attorney(s) appearing for the Case

Hugh Ramsay Straub, Gerald Martin Baca, Terriberry, Carroll & Yancey, New Orleans, LA, for PROBO II LONDON, Baro Shipping, Ltd. and PROBO BARO MV.

Robert B. Fisher, Jr., Douglas L. Grundmeyer, Chaffe, McCall, Phillips, Toler & Sarpy, New Orleans, LA, for defendants-appellees cross-appellants.

Ernest Theodore Lindberg, John L. Haines, Jr., Charles Paul Ake, Panama Canal Commission, Unit 2300, APO AA, FL, for defendant-appellee.

Before REAVLEY, GARWOOD and JOLLY, Circuit Judges.

GARWOOD, Circuit Judge:

This appeal presents issues relating to the award of prejudgment interest in a maritime collision case.

Facts and Proceedings Below

The underlying controversy arises out of a maritime collision on the Pacific approach to the Panama Canal between a tanker, the PROBO BARO, and a general cargo vessel, the M/V ISLA SANTAY on March 10, 1989. At the time of the collision, the PROBO BARO was under the control of a compulsory pilot...

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