Blue Wall Shipping is not being wound down, despite recent vessel sales and court papers stating the contrary, chief executive George Gourdomichalis said.

"The answer is there is no comment," Gourdomichalis told TradeWinds.

"The answer is anybody can write whatever they want in their documents. That doesn’t mean it is so."

Attorneys for Pacific Gulf Shipping said in documents filed in their appeal in the Ninth Circuit Court of Appeals that several Blue Wall directors confirmed the company was selling its fleet and winding down its business during the years-long legal battle over the abandonment of the now-scrapped 73,500-dwt Adamastos (built 1995).