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Big terminal owner accused of obscuring IMO 2020 effects

Terminal owner Macquarie Infrastructure Corp. faces litigation from shareholders claiming the group has masked the consequences of declining demand for high-sulfur fuel oil. The company denies the charges, calling the matter a classic case of "fraud by hindsight".

Last week's top stories on ShippingWatch

Hafnia and CEO Mikael Skov had to dial down expectations ahead of IPO but reached its target for sale of shares ahead of thelisting. Former BW chief executive Tina Revsbech landed a new top job within shipping, and Thorco Projects is once again positive, in a week in which several companies presented financial figures.

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