Shareholder activists fresh from voting down Fortress Investment’s $703m bid for Stelmar Shipping want company founder Stelios Haji-Ioannou back on the board.
The failure of the takeover bid has left a big question mark hanging over the future of the handymax and panamax tanker company.
Overseas Shipholding Group (OSG) under its expansionist chief executive, Morten Arntzen, is now seen as the most likely bidder for Stelmar.
Confirmation
