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Idle seized vessel giving bondholders a windfall

Goliath's value much more than the US$160m of defaulted bonds

[MEXICO CITY] Drifting eight kilometres off the Aruba coast, the 591-foot-long (180 m) oil-servicing ship OSA Goliath has no projects to work on or contracts to fulfil. Yet in its idle state, the ship is generating a windfall for holders of a Mexican corporate bond that went bad. The Goliath,