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Posidonia in images: Nikolas Martinos raises a glass to ‘potent shipping markets’ as parties spring to daily life

From the wake from the pressures of box lack and location crunch on vessels, transportation traces have already been prioritizing light-weight-bodyweight cargo more than their heavyweight counterparts for multiplied gasoline efficiency and profitability.

Posidonia in photos: Nikolas Martinos raises a glass to ‘potent shipping marketplaces’ as functions spring to life

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The lawsuit, submitted by Zissimatos in 2001, designed a number of allegations in opposition to the noteholders but in the long run was dismissed click here about one authorized position. The judge ruled Zissimatos had no proper to carry a personal assert against the bondholders for concerns regarding the corporate.

The sooner prepare grow to be to permit indonesia-flagged ships to maintain burning marine fuels that has a greatest a few.five% sulphur information material Within the u . s .’s territorial waters outside of 2020, without the need to use scrubbers, till the stocks had been exhausted.

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Posidonia in shots: Nikolas Martinos raises a glass to ‘robust shipping marketplaces’ as events spring to everyday living

The ITF waged authorized war with Zissimatos during the mid-1990s when he designed up an enormous maritime empire under the Adriatic Tankers banner. The company collapsed owing around $240m to creditors such as the ITF.

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Pérez Suárez, earned both equally With all the Venezuelan intermediaries, who been given the solution (a loaded VLLC had a product price of as much as 70 million bucks) and Together with the ship entrepreneurs who had to deliver up to 2 million pounds per ship in Fee, merchandise of your delays triggered, which arrived at up to twenty and 30 times.