Humpuss: Lawsuit Not a Concern
Having lost a lawsuit over unpaid vessel hire fees in London, a Singapore-registered offshoot of the Indonesian conglomerate PT Humpuss now faces a massive lawsuit in New York.
May 9, 2012
Confronted with a US$145 million lawsuit by companies linked to three separate international shipping magnates, Theo Lekatompessy, chief executive of Humpuss Intermoda Transportasi, said that their business operations were not seriously affected. Lawsuits filed in New York and with the London Maritime Association (LMAA), against Humpuss Sea Transport (HST), a Singapore offshoot of Humpuss, failed to seize the company's assets or property. The
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