Frigate Libertad:
La Nacion: “Timerman: ‘The President decided to evacuate the Frigate’”
Ghana Web: “Seizure of Argentine ship not act of war—Law lecturers”
Buenos Aires Herald: “Timerman meets with UN officials over Libertad frigate”
Reuters: “Ghana says sailors on seized Argentine ship free to leave”
Fox News: “Argentina Evacuates Ship Seized in Ghana”
Buenos Aires Herald: “Abandon ship!: crew ordered to leave Libertad”
Radio Netherlands Worldwide: “Argentina readies evacuation of ship crew stranded in Ghana”
Modern Ghana: “Argentina readies evacuation of ship crew stranded in Ghana”
Global Times: “Argentina to take frigate fight with Ghana to UN”
Financial Times: “Crew told to evacuate seized Argentine ship”
Radio Netherlands Worldwide: “Argentina to take frigate fight with Ghana to UN”
Business Insider: “Argentine is Evacuating a Navy Ship Seized in Ghana By a Hedge Fund”
MercoPress: “Argentina evacuates impounded frigate; Monday Timerman begins lobbying at the UN”
Ghana Web: “Argentina to take fight with Ghana to UN”
Belfast Telegraph: “Argentina evacuates crew from ship”
Reuters: “Argentine leader orders evacuation of ship seized in Ghana”
The Wall Street Journal: “Argentina to Evacuate Crew From Ship Seized in Ghana”
Buenos Aires Herald: “Gov’t orders Libertad ship be evacuated”
France24: “UN an option over Ghana ship seizure, Argentina says”
Bloomberg: “NML Asks Argentina for $20 Million to Free Ship, Nacion Reports”
Fox News: “Argentine Ship Held in Ghana Causing Political Fallout in Argentina”
Cristina Kirchner:
MercoPress: “CFK’s positive image ‘rapidly melting’; Macri rising to main opposition reference”
Argentine Economy:
MercoPress: “Argentina’s 12-month inflation expectations yield slightly to 27% says UTDT”
Reuters: “UPDATE 2-Argentina economic growth slows in August vs year ago”
The Wall Street Journal: “Argentina’s Stocks, Bonds End Week on Sour Note”
YPF:
Fox Business: “Argentina’s YPF Raises Gasoline, Diesel Prices”
Falklands:
Platts: “New Frontiers: Falklands not turning into the oil giant that some had predicted”
Jorge Arguello:
ArmenPress: “Argentina is a country with great economic potential: Ambassador of Argentina”
Global Atlanta: “Argentine Ambassador to Strengthen Bilateral Trade, Educational Ties”
Argentine Society:
MercoPress: “Loyal unions give Argentine government 40 days to raise the income tax floor”
La Nacion
Timerman: “The President decided to evacuate the Frigate”
Sunday, October 21, 2012
The Argentine government announced today the evacuation of the crew members of the Frigate Libertad, detained for 19 days in Ghana, over the demand of the private creditors of unpaid bonds. The one in charge of announcing the President’s decision was Foreign Minister Hector Timerman, who this afternoon read a statement in which he also referred in strong terms towards the African country.
"President Cristina Fernández de Kirchner has decided to evacuate immediately the entire crew of Argentines and non-Argentines with the end of preserving their integrity and dignity and leaving on board only the Captain and a minimal crew necessary for attending to the Frigate while it remains detains in the port,” Timerman said.
The Frigate was detained at the beginning of October in the port of Ghana, at the request of the vulture funds abroad, to collect on debt paper that didn’t enter the swap. Before this scenario the minister said that “Argentina holds the Ghanaian government responsible for every one of the damages suffered by the Frigate Libertad until its release and all of the harm occasioned by an illegal act which violates international norms.”
The leader announced that on Monday he will meet, at the request of Cristina Kirchner, in the United Nations with the president of the Security Council “as well as all of those commissions that deal with violations of human rights, international treaties and financial crimes.”
"The court decision in Ghana which ordered the detention of the Frigate Libertad not only violates international treaties that oblige the Republic of Ghana to guarantee the immunity of war ships but also has placed at risk the human rights of the 326 crew members that were found on board, among them citizens of Brazil, Chile, Uruguay, Paraguay, Venezuela, Ecuador, Bolivia and South Africa,” he said.
The official referred to the sentence by the judge in Ghana that prohibited the Argentine ship from loading fuel. “The only response from the judge to the Argentine request that contemplates the possibilities of a tragedy and the impossibility of counting on the basic elements for every human being was that we arrive at an agreement with the vulture fund that filed the demand. It became clear, then, that the intention of the judge was to oblige a sovereign country to negotiate with an entity dedicated to financial piracy from its fiscal lair in the Caribbean. That option, as it was said yesterday, is the only unacceptable one for Argentina,” he said.
Accompanied by Defense Minister Arturo Puricelli, Timerman concluded in a harsh manner: “An act that ‘prima facie’ seems to be a commercial attachment has let the mask fall and allowed the true face of power of the vulture funds to be seen, who from their tax lairs organize an attack that is nothing more than a kidnapping, an extortion, and an act of piracy against a sovereign country, a founding member of the United Nations and with recognized participation in innumerable peace missions on five continents.”
The attachment
The Frigate was detained at the start of October in the port of Ghana, at the request of the vulture funds abroad, to collect on debt paper that didn’t enter the swap.
"The Accused (read the Foreign Ministry), its officials, agents, including the ship’s Captain Pablo Lucio Salonica and the crew are prohibited from moving the Frigate ARA Libertad from the Port of Tema without a new order from this court,” said the order from the Superior Court of Ghana, which established the detention.
The ship was detained by authorities of the African country in the port of Tema, east of Accra, the capital of Ghana, which is an old English colony situated in Africa, on the shores of the Atlantic Ocean.
Ghana Web
Monday, October 22, 2012
A Senior Law Lecturer at the Faculty of Law of the University of Ghana, Dr Domnic Ayine says the seizure Argentine navy training ship in Ghana cannot by any stretch amount to an act of war.
The Libertad - a three-masted tall ship - was detained in Tema port on 2 October in a row over Argentine debts. NML Capital, a subsidiary of US hedge fund Elliot Capital Management, which says Argentina owes it more than $300m (£186m), secured a court order to have the ship detained at the port.
President of Argentina, Cristina Fernandez de Kirchner has demanded the release of the ship, saying it cannot legally be held by creditors because of its military nature. The Argentine government has also suggested that Ghana, by this act, is perpetuating war against his country.
Buenos Aires Herald
Monday, October 22, 2012
Foreign Minister Héctor Timerman is to meet today with top UN officials in New York over the illegal detention of the navy training frigate Libertad in Ghana.
According to the government, “the main topic of discussion will be the illegal detention of the Libertad frigate in Ghana, due to the fact that it is a worrying precedent for world navigation,” it said in a communiqué.
Reuters
Sunday, October 21, 2012
(Reuters) - The crew of an Argentine naval training vessel impounded in Ghana by a firm seeking to claw back $300 million in defaulted bonds are free to leave the country, a government official said on Sunday.
The ARA Libertad and its crew have been detained in Ghana's port of Tema since October 2 by a court order obtained by NML Capital Ltd in a dispute which has strained relations between the west African country and Argentina.
"They are free to leave after going through the standard immigration process," a senior government official told Reuters, asking not to be named.
Fox News
Sunday, October 21, 2012
BUENOS AIRES, Argentina – Argentina was forced to immediately evacuate 300 crew members on Saturday from the ARA Libertad, a navy training ship seized in Africa nearly three weeks ago as collateral for unpaid bonds dating from the South American nation's economic crisis a decade ago.
Only the captain and a few other members of the crew of 326 sailors will remain on the three-masted tall ship, a symbol of Argentina's navy.
Argentine President Cristina Fernandez decided to pull the rest out after failing to persuade authorities in Ghana to reverse a judge's decision to seize the ship. The judge also refused to allow the ship to be refueled, leaving it without power to maintain essentials and respond to any onboard emergencies, the foreign ministry said.
Buenos Aires Herald
Sunday, October 21, 2012
Foreign Minister Héctor Timerman announced yesterday that President Cristina Fernández de Kirchner “decided to evacuate the whole of the Libertad ship’s crew, Argentines and foreigners, leaving the captain behind with a small crew,” to protect the frigate held in Ghana.
Timerman said that, by order from the President, he will “immediately fly to UN headquarters,” where he will hold a meeting tomorrow with the Security Council’s president, and with “all of those committees related to human rights violations, international treaties and financial fraud.”
The foreign minister read the press release yesterday at Government House, accompanied by Defence Minister Arturo Puricelli, adding that the seizure of the vessel by Ghana’s court, is “extortion and an act of piracy against a sovereign country.
Radio Netherlands Worldwide
Sunday, October 21, 2012
Argentina prepared on Sunday to evacuate more than 300 crew members from a ship stranded in the West African nation of Ghana since a court ordered its seizure nearly three weeks ago over a debt dispute.
The three-masted tall ship, the ARA Libertad, has been stuck in the Tema port near the capital Accra since an October 2 order linked to claims from a Cayman Islands investment fund that says Buenos Aires owes it more than $370 million (283 million euros).
Buenos Aires ordered on Saturday that the frigate be evacuated immediately, but it was not clear on Sunday when the sailors would depart.
Ghana's deputy foreign minister Chris Kpodo told AFP he was not aware of the evacuation plan, but added that the court order applied only to the ship and not the crew.
Mondern Ghana
Sunday, October 21, 2012
TEMA, Ghana (AFP) - Argentina prepared on Sunday to evacuate more than 300 crew members from a ship stranded in the West African nation of Ghana since a court ordered its seizure nearly three weeks ago over a debt dispute.
The three-masted tall ship, the ARA Libertad, has been stuck in the Tema port near the capital Accra since an October 2 order linked to claims from a Cayman Islands investment fund that says Buenos Aires owes it more than $370 million (283 million euros).
Buenos Aires ordered on Saturday that the frigate be evacuated immediately, but it was not clear on Sunday when the sailors would depart.
Global Times
Sunday, October 21, 2012
Argentina said Saturday it would haul Ghana before the UN over the seizure in the west African nation of a warship belonging to Buenos Aires.
"The president (Cristina Kirchner) has instructed the foreign minister to travel immediately to UN headquarters," Foreign Minister Hector Timerman said in a statement read out on television.
Timerman also said Kirchner decided that all those aboard the ship, Argentine and other nationals, should be evacuated immediately.
The crew of 326 are mostly Argentine but also include eight sailors from Uruguay, 15 from Chile, and others from Brazil, Paraguay, Ecuador, South Africa and Venezuela.
"The Argentine government holds the Ghanaian government responsible for any damage the frigate might sustain," Timerman stressed.
Financial Times
Sunday, October 21, 2012
By Jude Webber
Argentina has told hundreds of crew members to evacuate their naval training frigate detained in Ghana for three weeks, and says it will seek UN support on Monday for its campaign to free the ship.
The Libertad has been held in the port of Tema since October 2 after an injunction by NML Capital, a subsidiary of the billionaire Paul Singer’s Elliott Capital Management, which is seeking to collect on bonds unpaid since Argentina’s default on almost $100bn in 2001.
In a tough statement read out at the government palace on Saturday night, Héctor Timerman, foreign minister, slammed NML for mounting “an attack which is no more nor less than a kidnapping, an extortion and an act of piracy against a sovereign country”.
Radio Netherlands Worldwide
Sunday, October 21, 2012
"The president (Cristina Kirchner) has instructed the foreign minister to travel immediately to UN headquarters" in New York, Foreign Minister Hector Timerman said in a statement read out on television here.
Timerman also said Kirchner decided that all those aboard the ship -- Argentine and other nationals -- should be evacuated immediately, "leaving on board only the captain and a skeleton crew to take care of it while it remains held" in the Ghanaian port of Tema.
The crew of 326 are mostly Argentine but also include eight sailors from Uruguay, 15 from Chile, and others from Brazil, Paraguay, Ecuador, South Africa and Venezuela.
Business Insider
Sunday, October 21, 2012
Michael Warren
BUENOS AIRES, Argentina (AP) — Argentina announced the immediate evacuation Saturday of about 300 crew members from the ARA Libertad, a navy training ship seized in Africa nearly three weeks ago as collateral for unpaid bonds dating from the South American nation's economic crisis a decade ago.
Only the captain and a few other members of the crew of 326 sailors will remain on the three-masted tall ship, a symbol of Argentina's navy.
MercoPress
Sunday, October 21, 2012
Foreign Minister Héctor Timerman and Defence Minister Arturo Puricelli gave a press conference Saturday evening from Government House in Buenos Aires, reading a communiqué sent by President Cristina Fernández, in which she ordered the evacuation of the ship
“President Cristina Fernandez has decided the immediate evacuation of all the crew members, Argentine and non Argentines so as to preserve their physical integrity and dignity leaving on board the Captain and a minimum number of sailors for the maintenance of the frigate while it remains retained” in the port of Tema, Ghana, said Minister Timerman.
Ghana Web
Sunday, October 21, 2012
Argentina said Saturday it would haul Ghana before the United Nations over the seizure this month in the west African nation of a warship belonging to Buenos Aires.
"The president (Cristina Kirchner) has instructed the foreign minister to travel immediately to UN headquarters" in New York, Foreign Minister Hector Timerman said in a statement read out on television here.
Timerman also said Kirchner decided that all those aboard the ship -- Argentine and other nationals -- should be evacuated immediately, "leaving on board only the captain and a skeleton crew to take care of it while it remains held" in the Ghanaian port of Tema.
Belfast Telegraph
Sunday, October 21, 2012
Argentina has announced the immediate evacuation of about 300 crew members from the ARA Libertad, a navy training ship seized in Africa nearly three weeks ago as collateral for unpaid bonds dating from the South American nation's economic crisis a decade ago.
Only the captain and a few other members of the crew of 326 sailors will remain on the three-masted tall ship, a symbol of Argentina's navy.
Argentinian president Cristina Fernandez de Kirchner decided to pull the rest out after failing to persuade authorities in Ghana to reverse a judge's decision to seize the ship.
The judge also refused to allow the ship to be refuelled, leaving it without power to maintain essential functions and respond to any onboard emergencies, the foreign ministry said.
Reuters
Saturday, October 20, 2012
(Reuters) - Argentina's president on Saturday ordered 326 sailors to evacuate a Navy frigate that was seized in Ghana to help bondholders try to recoup debts from the South American country's 2002 default.
The Libertad, a training frigate, was detained in the Ghanaian port of Tema on October 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 sovereign bonds and it will only release the ship if the country pays it at least $20 million.
The Wall Street Journal
Saturday, October 20, 2012
By Shane Romig
BUENOS AIRES--Argentina has decided to evacuate the crew of the naval training ship ARA Libertad, which has been detained in a port in Ghana since Oct. 2 due to a court order obtained by creditors seeking to collect on defaulted Argentine bonds.
The order prevents refueling, endangering the safety of the crew by blocking the operation of the generators needed for everything from cooking to fire prevention, Argentina's foreign ministry said in a statement Saturday.
Only the captain and a skeleton crew will remain with the ship. The boat currently has 326 people aboard, including guests from Brazil, Chile, Uruguay, Paraguay, Venezuela, Ecuador, Bolivia and South Africa.
Buenos Aires Herald
Saturday, October 20, 2012
The government ordered today that the naval training frigate Libertad stranded in Africa be evacuated, following the warning made yesterday that complaints would be taken to the UN over the issue.
Foreign Minister Héctor Timerman and Defence Minister Arturo Puricelli made the demand in a press conference this evening reading a communiqué sent by President Cristina Fernández de Kirchner.
Timerman said the President has “decided to evacuate the whole of the Libertad ship’s crew, Argentines and foreigners, leaving the captain behind with a small crew."
M24 Digital
Saturday, October 20, 2012
Today, Foreign Minister Héctor Timerman said that “President Cristina Kirchner decided to evacuate all crew except the captain.” The frigate Libertad is being retained in Ghana after the order of attachment made by vulture funds. It should be recalled that the vessel is being held since early October.
France24
Saturday, October 20, 2012
AFP - Argentina threatened to take Ghana before the United Nations if it refuses to take responsibility for the seizure earlier this month of a warship belonging to Buenos Aires.
"Argentina is keeping all its options open in terms of international justice and, if necessary, will turn to the United Nations," Foreign Minister Hector Timerman said in a statement, released on Friday.
The Libertad, which went to Ghana for a training mission, was seized by port officials in the West African nation on October 2 under a court order secured by a Cayman Islands investment group that claims Buenos Aires owes it more than $370 million (283 million euros).
Bloomberg
Friday, October 19, 2012
By Eliana Raszewski
NML Capital Ltd. is demanding that Argentina pay $20 million for the release of a naval ship detained at its request in a port in Ghana, newspaper La Nacion reported.
The amount represents less than 5 percent of the claim that NML is demanding Argentina for its investments in the country’s defaulted bonds, the Buenos Aires-based newspaper said, citing a letter from NML’s lawyers.
The investment group also offered Argentina to pay for the crew to return home, La Nacion said.
Fox News
Friday, October 19, 2012
The political tug-of-war over an Argentine naval ship – which has pitted an American hedge fund owner against the country of Argentina – came to a head this week after Argentina’s military intelligence director resigned and the navy chief and two other navy officials were suspended.
María Lourdes Puente Olivera, the first woman to head the military intelligence, was the latest casualty in the fight over ARA Libertad, a naval ship held hostage in Ghana after a New York hedge fund manager made an issue over Argentina’s unpaid debts.
Once the ship made an unexpected stop in Ghana, Paul Singer, who runs $15 billion hedge fund Elliot Capital Management, convinced a judge to hold the ship as a way to force the country to pay up its bonds. The ship was originally supposed to stop in Nigeria, and the decision to stop in Ghana has led to the resignations and suspension of the Argentine officials.
MercoPress
Monday, October 22, 2012
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