DryShips Scraps Bulker Quartet Order

DryShips Scraps Bulker Quartet Order

DryShips Inc., an international provider of marine transportation services for dry bulk and petroleum cargoes, through its majority owned subsidiary, Ocean Rig UDW Inc., has reached an agreement with Jiangsu Rongsheng Heavy Industries (RSHI), to cancel the newbuilding contracts for four ice-class panamax bulker vessels, in exchange for the refund of all instalments paid to RSHI plus interest.

The decision to cancel the orders comes as a result of ”severe delays, and non-existent vessel delivery schedules,” which the company disclosed in their presentation of 2Q results. All amounts due under this agreement have been received in full by the company.

According to the company’s presentation, the cancelled newbuildingss were initially planned for delivery from June to October 2014.

DryShips owns a fleet of 39 dry bulk carriers, comprising 13 Capesize, 24 Panamax and 2 Supramax with a combined deadweight tonnage of approximately 4.3 million tonnes, and 10 tankers, comprising 4 Suezmax and 6 Aframax, with a combined deadweight tonnage of over 1.3 million tonnes.

Press Release, September 03, 2014;

Share this article

Follow World Maritime News

In Depth>


<< Oct 2019 >>
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CEDA Dredging Days 2019

CEDA Dredging Days programme will follow its successful format of contributed peer-reviewed…

read more >

Offshore Wind Europe 2019

#OWEU19 is a meeting place for governments, developers and suppliers to grow the confidence in wind power. Perfect to grow your business by securing new customers, meeting officials and industry heads.

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >