It is a rare Posidonia when the dominant story is not what has been done by a Greek shipowner but what has been done to a Greek shipowner.
The buzz surrounding Oaktree Capital Management’s ousting of Gabriel “Villy” Panayotides as chief executive and chairman of Excel Maritime Carriers only escalated this week, with word that commercial management of Excel’s fleet is temporarily in the hands of Petros Pappas.
Pappas
