Three companies controlled by Peter Livanos are facing litigation by family member Nikolaos E Livanos over forward freight agreements (FFA) dating back to 2007 that were allegedly structured unfairly.

Nikolaos' companies Kyla Shipping and Vega Carriers are pursuing a claim in the London High Court against Freight Trading, C Transport Panamax and C Transport Maritime (CTM), which are ultimately controlled by Peter Livanos.