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Economou bolsters Danaos stake

Photo of Sam Chambers Sam ChambersDecember 26, 2016
34 Less than a minute

George Economou continues to build his stock base in fellow Greek outfit Danaos Corporation. On Friday it was revealed Economou had bought another 5.4m shares worth $14.58m in the container shipping tonnage provider.

Economou now has a 19.69% stake in Danaos. He last bought into the John Coustas-controlled firm in May.

Coustas is still the largest shareholder in Danaos with close to 70% of the shares.

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Photo of Sam Chambers Sam ChambersDecember 26, 2016
34 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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