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D'AMICO DRY LTD. v. PRIMERA MARITIME (HELLAS) LTD.

No. 16-3125-cv August Term 2016.

886 F.3d 216 (2018)

D'AMICO DRY LIMITED, Plaintiff-Appellant, v. PRIMERA MARITIME (HELLAS) LIMITED aka Primera Maritime Limited, Sonic Finance Inc., Mirage Finance Inc., Nikka Finance Incorporated, Handy Finance Inc., Pasha Finance Inc., Movida Finance Inc., Element Finance Inc., Caldera Marine Co. Ltd., Adalia Marine Co. Ltd., Seasatin Navigation Inc., Annamar Navigation Inc., Seasafe Navigation Inc., Chemnav Inc., Paul Coronis, Nikolaos Coronis aka Nicholas Coronis, Primebulk Shipmanagement Ltd., Primera Ocean Services S.A., Bulknav Inc., J.P.C. Investments S.A. aka JPC Investments S.A., Chemnav Shipmanagement Ltd., Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided: March 29, 2018.

Attorney(s) appearing for the Case

THOMAS L. TISDALE , Tisdale Law Offices, LLC, New York, New York, for Plaintiff-Appellant.

JOHN J. REILLY , Squire Patton Boggs (US) LLP, New York, New York, for Defendant-Appellee Primera Maritime (Hellas) Limited AKA Primera Maritime Limited.

William R. Bennett, III , Blank Rome LLP, New York, New York, for Defendants-Appellees Sonic Finance Inc., Mirage Finance Inc., Nikka Finance Incorporated, Handy Finance Inc., Pasha Finance Inc., Movida Finance Inc., Element Finance Inc., Caldera Marine Co. Ltd., Adalia Marine Co. Ltd., Seasatin Navigation Inc., Annamar Navigation Inc., Seasafe Navigation Inc., Chemnav Inc., Paul Coronis, Nikolaos Coronis AKA Nicholas Coronis, Primebulk Shipmanagement Ltd., Primera Ocean Services S.A., Bulknav Inc., J.P.C. Investments S.A. AKA JPC Investments S.A., Chemnav Shipmanagement Ltd.

Before: Katzmann, Chief Judge, Jacobs and Livingston, Circuit Judges.

Plaintiff-Appellant d'Amico Dry Limited ("d'Amico") is a shipping company and Defendant-Appellee Primera Maritime (Hellas) Limited ("Primera") is a ship management company. In 2008, d'Amico sold a derivative financial instrument known as a forward freight agreement ("FFA") to Primera. Under the FFA, d'Amico was...

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