In a statement the Nasdaq-listed company’schief executive, Ion Varouxakis, noted the initiative comes at a time when thereare “unique opportunities” at this point in the cycle.
“After persistent efforts, the companyhas successfully managed to position itself on ever healthier financialgrounds, affording it the necessary financial flexibility to expand its fleetof controlled vessels, at a time of unique opportunity in the dry-bulk sector,”he said.
While
