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".

Photo: Dimitri Messinis/AP/Ritzau Scanpix

The new IMO sulfur regulations play a pivotal role in a lawsuit against the large terminal owner, Macquarie Infrastructure Corporation (MIC).

A group of dissatisfied shareholders have filed a lawsuit in a US court against MIC and four of its top profiles.

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