Simeon Palios has further consolidated control over Diana Shipping.
In addition to his role as chairman and chief executive and controlling nearly a quarter of the New York-listed bulker owner's common shares, the Greek shipping magnate can now cast an additional 10.6 million votes on any company matter, Diana has disclosed
According to a Securities and Exchange Commission filing, Palios was sold 10,675 new preferred shares for $1.06m
