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After $300 Million Fraud Sinks Ship Fuel Firm, Mercuria Steps In

Nov. 8, 2018, 4:10 PM

Even in the rough and tumble world of Greek shipping, Dimitris Melissanidis gained such a fearsome reputation competitors nicknamed him “The Tiger.“

The 67-year-old tycoon, whose checkered career has involved Greece’s largest betting firm and a leading Athens football club, founded Aegean Marine Petroleum Network Inc. in 1995 and built one of the biggest suppliers of fuel to the world’s merchant shipping fleet. Backed by some of the industry’s leading names, Aegean listed on the New York Stock Exchange in 2006 and its market value quickly topped $1.5 billion.

This week, Aegean filed for bankruptcy Nov. 6 after an internal ...

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