A fight is being waged for control of a small Houston shipowning outfit.

According to legal filings, Caribe Tankers minority shareholder Alexios Vardoulakis is looking to the courts to wrest control of the company from majority shareholder Eduardo Neri. He is also seeking $10m in damages.

He accuses Neri of steering the owner of three product tankers into a financial crisis, then moving to oust him.