Greek shipping businessman George Economou has made a move on another fellow shipowner Seanergy Maritime to buy shares.
A filing to the US Securities and Exchange Commission revealed that Sphinx purchased the 1,119,972 common shares for a total purchase price of $6,286,161 including fees and expenses.
All reported common shares are held by Sphinx Investment Corp., a wholly-owned subsidiary of Maryport Navigation Corp, which is a Liberian company controlled by Mr. Economou, in accordance with the SEC.
Stamatis Tsantanis-led Seanergy Maritime said in a regulatory filing to the US Securities and Exchange Commission (SEC) that Sphinx “may be deemed to beneficially own all of the 1,119,972 common shares, which represent approximately 5.7% of issuer’s outstanding common shares.”
The Greek shipping businessman George Economou, having already a major stake in tanker owner Performance Shipping, has launched a tender offer to purchase all of the issued and outstanding common shares.
However, earlier this week Performance Shipping said in a regulatory filing that “the special committee believes that the offer is illusory, because the highly conditional nature of the offer creates significant doubt that the offer will be consummated.”
Economou has also made another move in OceanPal Inc, a shipowner of five dry bulk vessels (three panamax and two capesize), by taking common shares, as reported at the end of September this year by Shipping Telegraph.
The fleet of OceanPal is managed by both Diana Wilhelmsen Management Limited and Steamship Shipbroking Enterprises Inc, whilst OceanPal is led by Semiramis Paliou.
The company said in a regulatory filing to the US Securities and Exchange Commission (SEC) that Sphinx Investment Corp. purchased the 324,350 common shares for a total purchase price of $563,092 including fees and expenses.
It is worth mentioning that the 324,350 common shares represent approximately 9.1% of issuer’s outstanding common shares.