The company, Tankships Investment Holdings, is looking to rake in up to $100m from a share sale that will set the stage for a Nasdaq listing.
The DryShips spin-off, which currently controls four suezmaxes and six aframaxes, intends to apply a portion of the proceeds towards the acquisition of three 157,000-dwt tankers from affiliates of Economou and his former wife.
When pressed for an opinion about the Greek shipping magnate’s latest foray into the capital markets the reaction from industry observers was mixed.
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