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3rd Circuit adds to Citgo’s bill for 2004 oil spill near Philadelphia

March 29, 2018

Reuters
By Barbara Grzincic

A federal appeals court on Thursday added to the $120 million in damages that Citgo must pay for cleanup costs stemming from a 2004 oil spill in the Delaware River, which was caused when the supply ship Athos I struck an abandoned anchor on its final approach to a Citgo refinery near Philadelphia.

A unanimous three-judge panel of the 3rd U.S. Circuit Court of Appeals affirmed an award of $71 million to the Cyprus-registered vessel’s owners and operators, and said that the trial judge erred by cutting the U.S. government’s demand for $88 million in half.

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John Levy, attorney for Frescati Shipping Co and Tsakos Shipping & Trading, said in an email on Thursday that he “could not be more pleased” for the companies, which owned and managed the Athos I.

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For Frescati and Tsakas: Timothy Bergère and John Levy of Montgomery McCracken Walker & Rhoads

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