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LATVIAN SHIPPING CO. v. BALTIC SHIPPING CO.

No. 96-30064.

99 F.3d 690 (1996)

LATVIAN SHIPPING COMPANY; Naviomar S A de CV; Cerescorp Incorporated; Ceres Gulf Incorporated, Plaintiffs-Appellees, and F & S International, Inc.; Crescent Towing & Salvage Company, Inc.; Cooper/T Smith Stevedoring Company, Inc.; Vitalij Balashov, Intervenor Plaintiffs-Appellees, v. BALTIC SHIPPING COMPANY, Defendant-Appellee, v. ARE SHIPPING LIMITED; Movant-Appellant. NAVIOMAR S A de CV, Plaintiff, v. BALTIC SHIPPING COMPANY, in personam, et al., Defendants, Baltic Shipping Company, in personam, Defendant. CERES GULF INC., et al., Plaintiffs, v. The M/V SVERDLOVSK, INC., rem, et al., Defendants. Baltic Shipping Company, et al., Plaintiff. ST. JAMES STEVEDORING CO., Plaintiff, v. F & S INTERNATIONAL, INC., et al., Defendants.

United States Court of Appeals, Fifth Circuit.

November 13, 1996.

Attorney(s) appearing for the Case

Joseph P. Tynan, Lea, Tynan & McGehee, New Orleans, LA, for Latvian Shipping Company, plaintiff-appellee.

William J. Sommers, Jr., Paul Marett Brannon, Courtenay, Forstall, Hunter & Fontana, New Orleans, LA, for intervenors-plaintiffs-appellees.

Kathleen Krail Charvet, McGlinchey, Stafford & Lang, New Orleans, LA, for Ceres Gulf, Inc. and Cerescorp Inc.

Derek A. Walker, Daniel A. Tadros, Chaffe, McCall, Phillips, Toler & Sarpy, New Orleans, LA, for Naviomar SA de CV and American Marine Surveyors.

David C. Vidrine, Richard J. Dodson, Dodson & Vidrine, Baton Rouge, LA, for Vitalij Balashov, intervenor plaintiff-appellee.

John J. Broders, Elizabeth Slatten Healy, Jones, Walker, Waechter, Poitevent, Carrere & Denegre, New Orleans, LA, for ARE Shipping Limited, movant-appellant.

James L. Schupp, Jr., New Orleans, LA, for Baltic Shipping Co.

Terry A. McCall, O'Neil, Eichin, Miller, Saporito & Harris, New Orleans, LA, for F & S International, Inc., intervenor plaintiff-appellee.

Before WISDOM, JONES and WIENER, Circuit Judges.

WIENER, Circuit Judge:

Appellant ARE Shipping Limited (ARE) appeals the district court's order denying confirmation of the original judicial sale of the M/V SVERDLOVSK (the vessel). The district court denied confirmation of the sale and ordered a resale, stating as its reason the inadequacy of the sale price as compared to the third party claims. At issue is (1) whether the district court abused its discretion by failing to apply the proper standard in denying confirmation...

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