George Economou has bought about 70,000 more shares in OceanPal over the past month at a time when he is fighting for representation on the board.
The Greek shipping magnate has pushed his holding to 899,000 shares, or 12.1%, of the New York-listed dry bulk shipowner, up from 11.1% at last reporting on 23 January.
OceanPal is one of two spin-offs of Greece’s Diana Shipping, founded by Simeon Palios, to be targeted by Economou for stock purchases and then attempts to change the composition of the board.
