Aegean board director on restructuring plan: A key milestone

The Greek bunker company will be able to implement a restructuring plan put together by the company's new owners, a New York judge has ruled.

Photo: Aegean Marine Petroleum

A judge from US Bankruptcy Court for the Southern District of New York has granted approval to the Greek bunker company Aegean Marine Petroleum's restructuring plan, which can now be implemented.

The rescue plan was stitched together by Aegean's new owners, Mercuria Energy Group and a group of investors.

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

Container vessels spend more and more days waiting off major ports

There are no signs that the congestion issues affecting major container ports near Los Angeles and Long Beach are on the verge of resolution. On a global level, the time spent in port for vessels has increased by 11 percent in the last six months, according to analyst firm.

CMA CGM hit by new cyberattack

CMA CGM has been hit by another cyberattack, resulting in a "data leak of limited customer information", informs the French carrier. A year ago, hackers brought down CMA CGM's website.

Stena Line to deploy electric ferries

By 2030 at the latest, Stena Line plans to deploy two electric ferries on the route between Sweden and Denmark. The ferries will be battery-driven, approximately 200 meters long and be able to fit 1,000-1,500 passengers.

Further reading

Related articles

Trial banner

Latest news

See all jobs