Soccer

Venezuela sanctions set off fight for 'plundered' oil cargo

Posted On: Jun 30, 2020   |   Posted By: My Sanantonio

MIAMI - For two months, the Malta-flagged oil tanker Alkimos has been quietly floating off the Gulf Coast of Texas, undisturbed by the high-stakes legal fight playing out in a federal courtroom as a result of American sanctions on Venezuela.
The commercial dispute, which hasn't been previously reported, has all the drama of a pirate movie: a precious cargo, clandestine sea maneuvers and accusations of a high seas heist.
It pits Evangelos Marinakis, one of Greece's most powerful businessmen and owner of its most successful soccer club, Olympiakos, against a fellow shipping magnate from Venezuela, Wilmer Ruperti, who has a long history of helping the country's socialist leaders.
Round one appears to have favored Marinakis, whose Piraeus-based Capital Ship Management Corp, operates the Alkimos. On Wednesday, federal marshals in Houston are scheduled to auction off the ship's' cargo: 100,266 barrels of high octane gasoline estimated to be worth more than $5 million. The auction is in response to Judge Lynn...

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