Probo II London v. Isla Santay MV

GARWOOD, Circuit Judge:

This appeal presents issues relating to the award of prejudgment interest in a maritime collision case.

Facts and Proceedings Below

The underlying controversy arises out of a maritime collision on the Pacific approach to the Panama Canal between a tanker, the PROBO BARO, and a general cargo vessel, the MTV ISLA SANTAY on March 10, 1989. At the time of the collision, the PROBO BARO was under the control of a compulsory phot of the Panama Canal Commission (Commission). Both vessels sustained damage. Following the collision, both vessels underwent temporary repairs at a…