Palios steps down at Performance Shipping
Andreas Michalopulos steps up to chief executive role while shipping finance guru Anthony Argyropoulos is drafted in as chief financial officer
Founder Simos Palios has stepped down as chief executive of Performance Shipping, now recast as an aframax tanker owner, as the baton is passed to Andreas Michalopoulos and newly-hired Anthony Argyropoulos as chief financial officer