NEW YORK Gulf Copper & Manufacturing Co. has dropped a $6.9-million lawsuit it filed against a foreign-flag barge.
The Ocean Intrepid, believed to be registered in the Republic of Vanuatu, entered into a contract with Gulf Copper to receive shipyard goods and services in October 2012, according to documents filed in U.S. District Court in Texas. The Ocean Intrepid promised to pay the costs, an estimated $6.9 million, within 30 days of the contract but did not do so. It is still berthed at an undisclosed Gulf Copper location.
The Port Arthur, Texas-based copper piping and ship repair company sued for $6.9 million and also asked for permission to sell the barge and its contents, but the following day the court granted the companys request to dismiss the case without prejudice.
Attorney David James of Beaumont, Texas-based Stevens, Baldo, Freeman & Lighty LLP, who represented Gulf Copper, said he could not comment on the case.