Lawyers representing Waterlily Maritime Inc, shipowning company of the

38,900-dwt bulker Jessica (built 1977), filed a counter-petition in the

Piraeus court this week fighting BCV's application for permission to

auction the ship,previously managed by Karageorgis. The vessel is

currently under arrest here.



The petition sets out claims against the bank for a total of about USD

55.5m including loss of expected earnings from four vessels and GRD

10bn (about USD 38.5m)