Probulk Carriers is accusing shipowner Levent Karacelik of diverting funds from Turkish bulker operator Marvel International Management & Transportation to other companies in his control because of claims facing the company.
But Eregli Shipping, which is among the targets of a new lawsuit by Probulk, is denying that it received any of those funds from Karacelik’s Marvel.
Probulk detailed the allegations as part of the legal manoeuvres in a chartering dispute that dates back to the 2008 bulker market collapse that has played out in London arbitration and a US court.
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