In the New York-quoted owner’s earningsreport chief executive Michael Bodouroglou said its board of directors haverubber stamped a proposal to buy-back up to $10m worth of its own stock overthe next 12 months.
Followingthe sale of a containershipunder construction in China and a series of new loan agreements with less restrictivecovenants management hinted that the Athens-based operator may be in a positionto reinstate a dividend down the road.
“Thecompany
