Peter Georgiopoulos is hard to miss when he walks into a room or steps up to a platform to speak about shipping. That is not just because of his striking appearance.

Investors take notice because he made a lot of people a lot of money during the boom. The problem is that in the bust, he also lost a bundle.

The collapse into Chapter 11 bankruptcy protection of his flagship General Maritime Corp (Genmar) in November 2011 would have terminally sunk the reputation of many entrepreneurs in other businesses.