According to German online newspaper, Handelsblatt, Oaktree Capital, the US-based investment firm owning a 49.5 percent stake in Beluga, has sent documents to the Bremen prosecutor revealing that Beluga’s leadership had grossly exaggerated earnings and had created fictitious invoices indicating millions of dollars of false orders between 2009 and 2010. Beluga’s order books on 15 June 2010 indicated there were $800MM in orders between 2010 and 2011, when in reality, the number appears to be closer to $58MM.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,909 members that receive our newsletter.
Have a news tip? Let us know.
COPENHAGEN, April 15 (Reuters) – Shipping company Maersk has not made any deployment changes after a Portuguese-flagged container ship was seized by Iran in the Strait of Hormuz on Saturday, the Danish company said on Monday. “We find recent...
WASHINGTON, April 15 (Reuters) – The FBI has opened a federal criminal investigation into the deadly collapse of a Baltimore bridge last month when a ship crashed into one of its supports,...
By Daryna Krasnolutska (Bloomberg) Russia and Ukraine may have struggled to shift things significantly on the battlefield for more than 16 months, but a new phase of the war is moving...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 105,909 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
