Creditors in struggling Greek bunker company Aegean Marine Petroleum Network link the company's founder, Dimitris Melissanidis, to the case of alleged embezzlement totaling USD 300 million, according to documents submitted to the insolvency court in New York.
Aegean has filed for insolvency under US Chapter 11. In this relation, the company's creditors are pursuing their rights to the claim for the USD 300 million which have, according to Aegean, been channeled out of the company in the alleged fraud case.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.
More from ShippingWatch
August represented a historic low point for container carriers' schedule reliability. Only three out of ten container vessels – or 33.6 percent – managed to deliver goods on time, according to new figures from Sea-Intelligence. Reliability hasn't been lower in the ten years the analyst firm has monitored reliability.