Latest news from Heavy Lift & Project Forwarding International Magazine

Stolberg hires new representation

Reports in the German media indicate that Niels Stolberg, former chief executive of Beluga Shipping, has hired a new lawyer in an attempt to avoid his 42-month prison sentence.

As HLPFI reported here, Stolberg was sentenced in March by the Bremen district court for credit fraud and the falsification of business records. Three other defendants from the management of the now defunct Beluga Shipping had received suspended sentences.

Stolberg launched an appeal against the sentence handed to him by the Bremen district court shortly after. Now, the ex-Beluga chief has hired Gerhard Strate.

According to media reports, Strate specialises in difficult cases and will challenge the court’s decision, arguing that Oaktree was an investor in Belgua Shipping, rather than a lender, which would therefore make the claims of credit fraud invalid. Reports suggest that Strate will also be questioning whether there was an adequate assessment that the investor had suffered any damages.

Bremen state prosecutors have also appealed against the sentence, having demanded a sentence of four-and-a-half years.

Heavy Lift | News

Crowley realigns activities thumbnail image

Crowley realigns activities

May 17 - Crowley Maritime Corporation has realigned its shipping and solutions business units in a bid to enhance its focus on non-asset based customer solutions.
Views: 394
Bob Felix joins UTC thumbnail image

Bob Felix joins UTC

May 17 - UTC Overseas has appointed Bob Felix to its rail logistics team as director of specialised projects.
Views: 606
Qube in LCR takeover thumbnail image

Qube in LCR takeover

May 17 - Australia-based Qube Holdings has acquired industrial logistics service provider LCR Group in a deal valued at AUD135 million (USD93.2 million).
Views: 424

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.