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OCEAN LINE HOLDINGS LTD v. CHINA NAT. CHARTERING

No. 07 Civ. 8123(DC).

578 F.Supp.2d 621 (2008)

OCEAN LINE HOLDINGS LIMITED, Plaintiff, v. CHINA NATIONAL CHARTERING CORP., a/k/a Sinochart, Defendant.

United States District Court, S.D. New York.

September 26, 2008.

Attorney(s) appearing for the Case

Freehill Hogan & Mahar LLP, by Peter J. Gutowski, Esq., Gina Venezia, Esq., New York, NY, for Plaintiff.

Lennon, Murphy & Lennon, LLC, by Patrick F. Lennon, Esq., New York, NY, for Defendant.

MEMORANDUM DECISION

CHIN, District Judge.

In this admiralty case, I issued an order of attachment on September 20, 2007, authorizing the seizure of up to $177,520,838 of the assets of defendant China National Chartering Corp. a/k/a Sinochart ("Sinochart"). I authorized the attachment of such a high amount because of the nature of the damages alleged: the total loss of the M/V OCEAN VICTORY. Plaintiff Ocean Line Holdings Limited ("Ocean

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