SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  ------------

                                    FORM 6-K


                        REPORT OF FOREIGN PRIVATE ISSUER


                        Pursuant to Rule 13a-16 or 15d-16
                     of the Securities Exchange Act of 1934


                                  May 30, 2001


                      ANANGEL-AMERICAN SHIPHOLDINGS LIMITED
                 (Translation of registrant's name into English)

               P.O. BOX 75247, KALLITHEA, ATHENS GR 176-10, GREECE
                     (Address of principal executive office)


[Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.]

                        Form 20-F [X]       Form 40-F [ ]


[Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.]

                        Yes [ ]             No [X]


[If "Yes is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-_____________________.]




ITEM 5.     OTHER EVENTS.

On May 30, 2001, the Registrant issued a press release, a copy of which is
attached hereto as Exhibit 99.1, announcing its first quarter results and
investment in tankers.







ITEM 7.     FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

(c)  Exhibits

Exhibit 99.1            Press release of the Registrant, dated May 30, 2001.





            Pursuant to the requirements of the Securities Act of 1934, the
Registrant has duly caused this report to be signed on behalf of the Registrant
by the undersigned thereunto duly authorized.


                              ANANGEL-AMERICAN SHIPHOLDINGS LIMITED



                              By:  /s/ Demetrios A. Stylianou
                                   -------------------------------------------
                                   Demetrios A. Stylianou
                                   Treasurer and Chief Financial Officer

Dated:  June 8, 2001