While using the theory of both of these Fifth Circuit scenarios in your mind, the court docket concludes the bid of $475,000, improved at the hearing to address both of those administrative and custodial expenses in addition the seamens' wages and repatriation, for being also low to become confirmed in watch in the agreed rate, or "upset bid" of $740,000 where by, as right here, the objective of the judicial sale to learn the two creditors and debtors can be content by denying confirmation of the sale and buying a new sale to be held at the earliest opportunity.

We make use of your data to ensure you Possess a secure and pleasant consumer working experience when visiting our site. You are able to study more details on how we tackle your facts inside our privateness plan.

Read through a lot more Aid us We rely upon the generous assistance of visitors such as you that will help us expose corruption and maintain the highly effective to account Donate Disclaimer You will discover respectable utilizes for offshore firms and trusts. The inclusion of a person or entity while in the ICIJ Offshore Leaks Databases just isn't intended to advise or indicate that they have engaged in illegal or poor conduct. Many individuals and entities hold the same or similar names. We suggest you affirm the identities of any individuals or entities A part of the database depending on addresses or other identifiable facts. The information comes straight from the leaked information ICIJ has acquired in connection with various investigations and each dataset encompasses an outlined period of time specified in the database. Some details could possibly have modified over time. Please Get hold of us if you discover an mistake while in the databases.

The maritime business “Adriatic Tankers” of Cpt. Panagis Zissimatos, is One of the more characteristic examples of the Greek seamanship and simultaneously, company insightfulness which has to become a tutorial for many of the young Greeks, and not only, that need to interact with shipping, an exceedingly promising sector for all adolescents Particularly currently in these quite challenging economic periods that the new generation faces exceptionally really hard fiscal and orientation troubles.

The assault from the Houthi tribe has introduced a domino outcome to the globe’s oil market. It then drives up each the oil prices and its shipping throughout the planet. 

Extremely enjoyable short article by well known shipowner mr. Panagis Zissimatos. With iran’s detention of the uk-flagged tanker stena impero prompting the british authorities to elevate its stability to level three inside the persian gulf and recommend toward all tour Within the strait of hormuz, a nautilus member spoke of their present get pleasure from of transiting the strait.

You will discover 63 immigration records obtainable for the final title Zissimatos. Passenger lists are your ticket to knowing Whenever your ancestors arrived during the United states of america, And just how they designed the journey - from the ship identify to ports of arrival and departure.

writs Panagis Zissimatos, the fallen leader on the once-mighty Adriatic Tankers fleet, now claims being a shipping marketing consultant, but modern makes an attempt to re-create himself have now turned bitter with restore costs likely unpaid.

Judge Rubin, producing to the courtroom, adhered to the concepts of Wong Shing and expanded it marginally in distinct language:

The master and crew with the vessel intervened ahead get more info of the sale date to say their assert for seamens' wages and repatriation.

This Internet site takes advantage of cookies to enhance your experience while you navigate by way of the website. Out of such, the cookies that happen to be classified as essential are stored on your browser as They're important for the Performing of primary functionalities of the web site.

“Most popular” listings, or These with showcased Web site buttons, show YP advertisers who right present information about their enterprises to help customers make more knowledgeable acquiring conclusions. YP advertisers receive higher placement within the default purchasing of search results and should look in sponsored listings on the top, side, or base of the search engine results page.

You might also be interested in Reach the complete opportunity by permitting us simplify and connect your source chain from end to end.

"Confirmation of sale continues to be refused in which upset bids are filed which considerably exceed the sale price. In this sort of situations new revenue happen to be requested. Wherever there is not any certainty that a re-sale will create a better price tag the courtroom is justified in confirming the sale.