A division of shipping interests between brothers Theodore and Constantine Angelopoulos looks set to be highly acrimonious.

Arcadia Shipmanagement, a new company set up by Constantine, took over management in January of three Panamax bulk carriers, the Akrop (built 1983), Alfios (built 1981) and Konstantinos A (built 1995) as well as the Suezmax tankers Alphatank (built 1990) and Betatank (built 1989), previously under the Metrofin banner.

Zürich-based