Textainer Equipment Management BV v Baltic Shipping Company and the Motor Vessels “Nikolay Golovanov” and Others - Federal Court (Trial Div) (Muldoon J) - 29 August 1994

Container leasing agreement entitled lessor to lien on lessee’s vessels in event of default - Lessee failed to pay rent - Whether lessor entitled to bring in rem proceedings against lessee and its vessels

The plaintiff specialised in the leasing of multimodal containers to international shipping firms. Baltic Shipping Company (“Baltic”) was a shipowner operating, in international trade, a fleet of container vessels of which the Nikolay Golovanov was one.