Judge orders sale of M/V Luta

A federal judge ordered yesterday the sale of cargo ship M/V Luta, in the minimum bid amount of $550,000. U.S. District Court for the NMI designated judge Frances M. Tydingco-Gatewood approved the vessel’s sale, citing its expensive upkeep and the delay in securing its release....
Posted On Jan 10 2017 06:06
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Yamamoto insists that sale of vessel should proceed

Even if the federal court is 100 percent convinced that Japanese investor Takahisa Yamamoto is a joint venturer in cargo ship M/V Luta and is no “stranger” to the vessel, its sale should still go ahead as there are now two other parties who have joined the motion to have it sold....
Posted On Jan 03 2017 06:06
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Yamamoto’s loan claim ‘truly incredible’

The owners and operators of Luta Mermaid LLC, which owns the seized cargo ship M/V Luta, have opposed Japanese investor Takahisa Yamamoto’s bid to have the ship sold. Speaking through their lawyer, William M. Fitzgerald, Luta Mermaid LLC, M/V Luta, company president Abelina T....
Posted On Dec 28 2016 06:06
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Move seeks to invalidate seizure of M/V Luta

Saying that Japanese investor Takahisa Yamamoto is their joint business venturer, the owners and operators of Luta Mermaid LLC, which owns M/V Luta, are asking the federal court to declare the vessel’s arrest as invalid. Luta Mermaid LLC, Abelina T. Mendiola, Deron T. Mendiola,...
Posted On Dec 21 2016 06:04
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