Hovensa: A done deal?
Hearing the owners reached a new agreement to sell, anyone else hearing anything?
Mapp to give update at press conference - 10AM Monday
The terminal, docks were always worth something. You could never blast a channel through the reef today, like they did when they originally built that place.
Have they removed all the fuel coming into and being stored over in Gallows Bay?
If large quantities of fuel come back to the island, you would think fuel rack prices would be less than the current means of bringing it in.
What do you all think about this?
Mapp Announces $1.5B Lawsuit against Hess as Terminal Sale Looms
I think that a lot of people don't understand how a contract works, how a business works and don't know a damn thing about the tax laws.
Plus some of the claims in the lawsuit contain some absolute fantasies.
BS#1 :- rendered the refinery inoperable by siphoning off more than $1 billion in assets
BS#2: - in 2009 Hess ceased conducting routine maintenance
At least the terminal will be sold. The gas price whiners should be happy about that. The rest of it will be tied up in litigation well after most of us reading this have died.
It seems apparent that Mapp is very concerned about the $200 million tax refund suit that Hess brought. There is a very real possibility that the GVI will lose that case which will trump all the GVI's other claims. Stay tuned.