Phoenix Shipping & Trading

Pacific Gulf Shipping is accusing Protection and Indemnity Club for allegedly trying to hold back documents in a court case involving George Gourdomichalis. Pacific Gulf Shipping is accusing the American Club of circling the wagons around its Chairman George Gourdomichalis in order to keep Pacific Gulf Shipping from collecting a $22.6 million arbitration award won in a ship abandonment case. American Club is accused of aiding Chairman George Gourdomichalis in lawsuit On January 2019, documents filed in Brooklyn federal court last week, Pacific Gulf Shipping alleged the American Club was taking an active role in its legal fight against American Club Chairman George Gourdomichalis. At the end of 2018, George Gourdomichalis led Phoenix Shipping & Trading’s 2005 built supramax dry bulk carrier 52K DWT MV Vigorous was seized in Oregon Port, USA in an attempt to persuade George Gourdomichalis to pay up. George Gourdomichalis has served on the BOD (Board of Directors) for the American Club since 2004. George Gourdomichalis is currently the Chairman of the BOD (Board of Directors).

Legal battle stems from the 2015 abandonment of MV Adamastos off the coast of Brazil. 1995 built 73K DWT bulk carrier MV Adamastos is now scrapped. In December 2018, Pacific Gulf Shipping sued a slew of companies connected to George Gourdomichalis and his brother Stathis Gourdomichalis. In Portland federal court, Pacific Gulf Shipping won the attachment of MV Vigorous. Legal case’s targets included Greek George Gourdomichalis’ Phoenix Shipping & Trading and Blue Wall Shipping. Duo has since fought to throw out the attachment order. Just before 2019, the American Club moved in Brooklyn to quash a subpoena demanding documents related to insurance for the MV Vigorous and MV Adamastos in the Portland suit, arguing the request was overbroad and the documents contain confidential information. In January 2019,¬†Brooklyn judge approved the motion to quash. MV Adamastos was detained while loading soybeans destined for China after Brazilian authorities found a number of deficiencies. The next day, MV Adamastos broke loose from its moorings. After being towed offshore, the crew were stuck on MV Adamastos for six (6) months. Pacific Gulf Shipping eventually won the arbitration award against Adamastos Shipping & Trading in London. Pacific Gulf Shipping argue that the company is dominated by the George Gourdomichalis brothers and Pacific Gulf Shipping can seize MV Vigorous to make them pay. Attorneys for Adamastos Shipping & Trading have argued in Portland that Pacific Gulf Shipping merely described a typical shipping business, rather than the “alter ego” of either Phoenix Shipping & Trading and Blue Wall Shipping, claiming that should not be enough to seize the ship. Judge allowed more time for Pacific Gulf Shipping to prove its claims.