Finance

Owning family carries out internal transactions to meet “dynamic financing need.”

Bulker owner has been “unable to fulfil objectives of its public listing” says majority shareholder.

Simeon Palios-led bulker owner may redeem $63.3m in 2020 notes.

The transaction is expected to improve company liquidity by $11.3m after the vessel’s loan is repaid.

New York-listed bulker owner sees higher revenue on improved charter rates.