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And specialised in maritime transport of crude oil and oil merchandise, Adriatic Tanker provides the logistical assist and shipping experience to fulfill our shoppers’ oil transportation wants.
But did the mid-nineteen nineties collapse replicate a turning place for company transparency in shipping — or was Adriatic’s disintegration a one particular-off which can be place right down to around-enlargement? Were lessons uncovered, or do the the latest travails of TMT point to the persistence of similar problems?
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The lawsuit, filed by Zissimatos in 2001, created various allegations towards the noteholders but in the long run was dismissed around 1 authorized point. The judge ruled Zissimatos experienced no proper to carry a private assert versus the bondholders for issues referring to the business.
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Posidonia in photographs: Nikolas Martinos raises a glass to ‘potent shipping marketplaces’ as parties spring to existence
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Pérez Suárez, gained both of those While using the Venezuelan intermediaries, who been given the product (a loaded VLLC experienced a product cost of up to 70 million bucks) and While using the ship proprietors who experienced to deliver up to 2 million bucks for every ship in Fee, solution of the delays caused, which attained up to twenty and thirty days.