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ABC Local Radio 1233 reported this morning that repairs to the Pasha Bulker have been completed in Vietnam and the ship's name changed to the Drake.
Newcastle Ports Corporation are seeking reimbursement of A$2 million outlaid during the ship's grounding and re floating in June 07.
Conjoint Professor of Law at Newcastle University, John Levingston discussed the possibility that NC Ports will organize to arrest the ship to recover the debt in accordance with Maritime Law practices dating back to 3500BC. He stated that prompt response by the ship's owners and lodgment of appropriate security would see the ship released in 7 days. Failure to clear the debt would lead to the ship's sale. The old saying comes to mind - "You can run but you cannot hide".