Sitting on the open deck of his yacht in the calm waters of Marina Zeus in Piraeus, Ion Varouxakis is able to look forward to the summer holiday season.
The Freeseas chief executive has had a difficult couple of years but a debt reduction exercise now has the Nasdaq-listed owner in a stronger position.
“Nobody else has managed to turn a company around in such a way without having to resort to judicial proceedings such as bankruptcy proceedings,” Varouxakis told TradeWinds.
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