Stamatis Molaris is one of the most experienced Greek shipowners in tapping US capital markets. But will that be enough to carry him over the finish line of a new initial public offering (IPO) that some consider more ho-hum than hot?

It is not that the finance crowd finds anything especially wrong with Product Shipping Ltd, the clean products company Molaris is hoping to list on the Nasdaq with help from investment bank Morgan Stanley.

Rather,