Dresser Industries, Inc. v. The Fidelity and Casualty Company of New York

On November 14,1974, the Magcobar Meteor, a diesel supply vessel owned by appellee Dresser Industries, collided with the Ranger I, a self-elevating offshore drilling unit. Although the Ranger I was capable of navigation, at the time of the collision, the drilling platform of the Ranger I was jacked up to a position forty feet above the surface of the ocean and was resting on supports embedded in the ocean floor. As a result of that collision, appellee paid the owner of the Ranger I $214,072.38 to compensate for the damage to the drilling unit. Appellee then sought reimbursement from appellant…