OceanPal and George Economou bury the hatchet

Greece’s OceanPal has struck a deal with George Economou, which will see the compatriot shipping magnate drop his pursuit to oust most of the bulker owner’s directors. Economou, who owns 14.1% of the Nasdaq-listed spinoff of Diana Shipping via his investment vehicle Sphinx, has been seeking departures from five of OceanPal’s seven current directors, including …

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