Greek shipowner George Economou’s journey through US public markets via flagship vehicle DryShips appears near an end after 14 years, leaving a legacy that, overall, is viewed as punitive to shipping.
DryShips was the company that burst open the door of the New York initial public offering market for a new sector of listed bulker owners in 2005.
At times, it delivered outsized returns to investors, even briefly becoming the largest US-listed shipowner by market capitalisation.
