Angeliki Frangou wins dispute with brother John Frangos
Judgment shows just how bitter the siblings’ legal fight has become, following wild accusations made by Frangos in Greece
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Law
New Bimco clause aims to crack down on AIS abusers and sanctions busters
Shipowners’ organisation wants to make it automatic for charters to be cancelled if vessels go dark
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Sellers may be safe from US sanctions even when tankers end up in Iran and Venezuela trades
But original owners need to demonstrate proper due diligence and ships used in sanctioned trades without prior knowledge
Tangled web of entities emerges behind transaction for tanker named as scrapped vessel
After being sold by ADS Crude Carriers, the Calliop changed ownership ‘several times’ before taking the identity of a scrapped ship
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Fear of sanctions tipped to scuttle drillship sale
A former Fred Olsen Energy drillship ordered for $615m may fail to realise even a fraction of that sum thanks to EU sanctions on potential buyer Turkish Petroleum
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