George Economou raises the stakes in his OceanPal investment

Greek shipowner George Economou has bought more shares of New York-listed bulker owner OceanPal as he girds for a proxy fight over the company’s board of directors.

A new filing with US securities regulators on Tuesday shows that Economou has bought about 75,000 more shares since his last disclosure on 5 January, pushing his holding in the Diana Shipping spin-off to an 11.1%