Homepage | NEWS | Economy | Finance | Your Money - Details
Curious George
in the global economic slowdown. Meantime DryShips borrowed $819 million, at 5.98% to 7.33% interest rates, to add ships. DryShips' net profit rose 749% to $177 million in the nine months ended Sept. 30.

A family business, this. Economou's two former wives own a total 15% of DryShips. Chryssoula Kandylidis, his sister, holds 30% of Cardiff Marine. With proceeds from its initial offering, DryShips bought six ships that had recently been picked up by Kandylidis. Five were sold at cost, but DryShips paid his sister a $3 million fee. Economou says she made very little money on the deal and bore great risk.

Kandylidis' son, Antonios Kandylidis, is also in this cozy network. The 30-year-old Antonios is the founder and largest shareholder in OceanFreight (nasdaq: OCNF - news - people ), which

1 2 3 4 5 6 7 8 9
Previous Next
NEWS

 
 
About Us
Contact

Add to Favorite





3D Secure ISBANK TURKEY
 
  Copyright © Kobi21.com 2006-2017