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>

Events>

<< Oct 2017 >>
MTWTFSS
25 26 27 28 29 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 4 5

Europort 2017

The 38th edition of Europort will take place from 7-10 November 2017 in Rotterdam Ahoy. Established as one of the world’s leading maritime…

read more >

Mozambique Gas Summit & Exhibition

Mozambique Gas Summit & Exhibition is recognised as the leading strategic meeting for Mozambique’s gas industry. Working in partnership…

read more >

FCCA Cruise Conference & Trade Show

The ​FCCA ​Conference ​is ​a four-day ​event ​designed ​to ​foster ​a ​better ​understanding ​of ​the ​inner ​workings ​of ​the ​cruise…

read more >

Bulk Liquid Storage Europe 2017

The event will cover current key challenges and issues faced by the industry and provide in depth discussions and analysis of today`s…

read more >