Dismal freight rates and plunging offshore markets have wrong-footed some of the most illustrious names of the local shipping scene. Those in the middle of ambitious, publicly funded expansion drives were particularly exposed. Companies like Petros Pappas-led Star Bulk, George Economou’s DryShips and Michael Bodouroglou’s Paragon are now left licking their wounds and picking up the pieces of their strategy while waiting for better days to return.
Fleets
