Dryships Hands Over the Last of Five Panamaxes

Image Courtesy: Nasdaq

Greek owner and operator of dry bulk carriers and offshore support vessels DryShips has delivered the Panamax bulk carrier M/V Sorren to an unnamed buyer, completing the sale of five ships.

The 76,600 dwt vessel, which has been renamed to Despina D, was sold for USD 6.7 million.

Featuring a length of 225 meters and a width of 32.3 meters, the bulker was built by Japanese shipbuilder Imabari in 2004.

On October 31, DryShips said it sold five of its Panamax vessels for an aggregate gross price of USD 29.4 million.

Two Panamax vessels, Amafi and Samatan, along with their associated bank debt, were sold to entities controlled by the company’s Chairman and CEO, George Economou.

The remaining three Panamax vessels from the batch, Ocean Crystal, Sonoma and Sorrento, were sold to unaffiliated buyers.

DryShips owns a fleet of 13 Panamax drybulk carriers with a combined deadweight tonnage of approximately 1.0 million tons, and 6 offshore supply vessels.

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Posted on November 24, 2016 with tags .

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