ARA Libertad, a training ship owned by the Argentinian Navy, is one of the most storied tall ships at sea.
Yesterday, It was just seized by the hedge fund Elliott Management while it was docked in Ghana because of a bond debt the country owes to the firm.
Basically, Elliott has been pursuing a full payment from Argentina on sovereign debt for some time, and it was able to get the government of Ghana to give it what was essentially an arrest warrant on the ship in exchange for its debts.
The ARA LIbertad is a beautiful ship with a long history, which is still used for sailor training.
Built in the 1950s, the ARA Libertad embarked on its maiden voyage in 1963.
The ship is classified as a tall ship, the only one of its kind in the Argentinian Navy.
Source: Merco Press
Libertad holds the tall ship world record for a transatlantic voyage.
In 1966, she established the world record for a transatlantic crossing using only sail navigation. Libertad set sail from Cape Race in Canada and landed at Dursey Island in Ireland. The 1,741.4 nautical mile trip took 6 days and four hours. The record remains unbroken to this day.
Source: Guyana Chronicle
The vessel is over 100 meters long and can hold a crew of more than 350.
Among its specifications, Libertad is 103.75m long and weighs some 3,765 metric tons. She complements a crew of 357 souls—24 officers, 187 crewmen, and more than 150 cadets.
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