That’s Captain Singer to you!
New York hedge-fund billionaire Paul Singer gets to hold on to Argentina’s prized navy vessel, the ARA Libertad, a Ghana court ruled today.
The court ordered the ship to be detained at port in Ghana’s capital city until it can rule on whether Argentina waived its sovereign rights on its defaulted debt.
Until then, Singer will be captain of the ship, which docked in Accra last week as part of a good-will tour carrying some 70 navy cadets and more than 200 passengers.
The court’s decision is a small victory for Singer, who is attempting to force Argentina to repay some $1.6 billion in bonds held by his NML Capital unit.
Argentina argued that Singer can’t seize the military ship because it’s protected by sovereign immunity.
Singer has asked Argentina for $20 million to return the three-masted vessel, but if the case goes to trial, the asking price could go up, a source with knowledge of the case told The Post.
The court has asked the two sides to continue negotiating in the meantime.
kwhitehouse@nypost.com