ShippingWatch

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.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Trial banner

Latest news

See all jobs