Greek owner John Karageorgis was released today, five days after he was detained by Greek police.

The president of Times Navigation was held over a warrant issued by Dutch authorities with regards to the bankruptcy of a dairy firm in which he was a shareholder five years ago.

Times Navigation said in an e-mailed statement provided to TradeWinds: "John Karageorgis appeared today at the Appeal Council of Athens, where his appeal against the European Arrest Warrant was discussed.

"He