United States of America, Libelant-Appellee v. Eastport Steamship Corporation and Seaboard Surety Company

The sole" issue presented in this case is whether the Maritime Commission was acting within its authority in setting a particular formula for calculating charter hire in the bareboat charter of the SS Denison Victory from the United States to Eastport Steamship Corporation entered into in 1951.

After careful consideration of the arguments advanced by each side, we were of the opinion that the decision below should be affirmed for the reasons so ably stated in the District Court and Circuit Court opinions in Massachusetts Trustees of Eastern Gas and Fuel Associates v. United States, D.C.Mass.,…