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Former Torm owner kicked out of bulk carrier

Greek Gabriel Panayotides has been removed as CEO of dry bulk carrier Excel Maritime by private equity fund Oaktree Capital under not wholly undramatic circumstances.

Photo: LARS KRABBE

BY OLE ANDERSEN

Gabriel Panayotides, former primary shareholder in Danish Torm, has been removed as CEO of Excel Maritime Carriers by the dry bulk carrier's new owner, the private equity funds Oaktree Capital and Angelo Gordon.

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