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Two lawsuits filed against Steamship Mutual in US

Two lawsuits for allegedly failing to pay claims were filed recently in the United States against Steamship Mutual Underwriting Association (Bermuda) Limited, a Bermuda-based P&I Club. The first complaint was filed on November 5, 2004 at the U. S. District Court for the Southern District of New York by Penn Maritime, Inc., as successor-in-interest to Morania Oil Tanker Corp., which is incorporated in Delaware.