DryShips Sells MV Oregon

Greek shipping company DryShips Inc. has sold the 2002-built Panamax drybulk carrier MV Oregon.

The 74,200 dwt MV Oregon, along with the associated bank debt, was sold to an entity controlled by the company’s chairman and CEO George Economou.

The vessel was sold for a 10% premium to fair market value, as supported by independent third party broker valuations, DruShips said, without revealing the purchase price.

Following this transaction, the current outstanding balance under the company’s senior secured revolving facility agreement has been increased to USD 10.8 million.

This is the second dry bulker DryShips has sold in September. Earlier this month, the company sold the 2000-built, 75,706 dwt MV Coronado for a gross price of USD 4.25 million.

DryShips currently owns a fleet of 18 Panamax drybulk carriers with a combined deadweight tonnage of approximately 1.3 million tons, as well as  6 offshore supply vessels, comprising 2 platform supply and 4 oil spill recovery vessels.

Share this article

Follow World Maritime News

In Depth>


<< Mar 2018 >>
26 27 28 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

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018 is organized by the Maritime and Port Authority of Singapore…

read more >

Shippax Ferry Conference 2018

The two-day onboard ferry conference was first organized in 2003 and grows ever more popular with some 400 delegates from over 40 ferry…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >