The substitute custodian filed a motion for an interlocutory sale with the vessel mainly because it was concerned that the price of the custodianship was so substantial, viz.

Panagis Zissimatos, by far the most respected figure in Greek’s maritime marketplace, predicts what will take place for the oil industry Later on, next the recent attack on Saudi’s oil services before this 7 days.

With nowadays’s shrinking of the global economic climate, it is obvious that the above mentioned pointed out shipping sectors may also continue to facial area good strain.

TradeWinds is an element of NHST Global Publications AS and we're to blame for the info that you choose to register with us, and the data we gather when you check out our Web-sites. We use cookies in a variety of solutions to increase your working experience, such as maintaining NHST Web sites reputable and safe, personalising articles and advertisements also to analyse how our internet sites are getting used.

Ελάτε μαζί μας! Ένα κλικ ίσως κάνει τον κόσμο μας λίγο καλύτερο!

In this manner, the oil pricing together with the shipping costs may be maintained on the normal concentrations which afterwards effective for the world's maritime industry.

We use your knowledge to ensure you Use a secure and enjoyable consumer experience when traveling to our site. You may go through more details on how we manage your information in our privateness plan.

On the list of successful figures of modern Greek marine organization is Panagis Zissimatos . He is definitely the proprietor and founding father of the maritime enterprise called Adriatic Tankers, a global oil transportation support from the eighties.

In keeping with Cpt Panagis Zissimatos, the assault triggers a decreasing quantity of oil produced by Saudi. In the meantime, the desire for Saudi’s oil on this planet keeps increasing. As a result, your situation causes the raising price of Saudi’s oil as well as the shipping prices.

Often Enabled Required cookies are Totally essential for the website to operate adequately. This group only features cookies that makes sure essential functionalities and security measures of the web site. These cookies usually do not retailer any individual info.

The court gained no evidence of fraud or collusion. The court also experienced no evidence concerning the value on the vessel other than an allegation because of the registered owner, ROYAL ALLIANCE, that the value with the vessel when it opposed the motion for interlocutory sale was $2,000,000.

Panagis Zissimatos is actually a visionary marine businessman and has effectively grown his enterprise globally. He described the maritime company nowadays, the increase in import and export is paired Along with the economic affliction in numerous international locations. This also leads to The expansion in the maritime logistics and providers industry in 2021.

If confirmed, the offer would Improve to nine the number of ships divested by the Stockholm-listed product or service tanker owner since a refinancing very last year.

The one other proof was the bid of Naviara San Lorenzo of $475,000 when there was competitive bidding within the sale correctly get more info seen and held. For that reason, on the level of the bid by itself, this court couldn't in great conscience produce a obtaining the conscience from the court is shocked by an egregiously inadequate bid.