Economou Takes DryShips Private

Greek shipowner George Economou is taking full ownership of shipping company DryShips under a deal that will see Economou buy the company’s outstanding shares for

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Renamed Grace 1 Raises Iranian Flag

The Grace 1, the Iranian tanker that has been detained in Gibraltar, has been renamed the Adrian Darya 1 and raised the Iranian flag in preparation for an expected departure on Sunday night.

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