DryShips Agrees to Sell One of Its Panamaxes

ShippingIllustration; Image Courtesy: Pixabay under CC0 Creative Commons license

Athens-based ship owner and operator DryShips has reached an agreement with an unaffiliated buyer for the sale of one of its 2001-built Panamax drybulk carrier.

The vessel is scheduled for delivery to its buyer no later than the end of this month.

DryShips infomed that it expects to realize a gain on vessels sales compared to the book value of this asset.

As of August 15, and not giving effect to any pending vessel transactions, the company operates a fleet of 33 vessels, including eight Panamax drybulk vessels.

The company earlier informed that it managed to deliver a net income of USD 3.5 million in the second quarter of the year ended June 30, 2018, against a net loss of USD 15.6 million seen a year earlier.

Revenues for the period surged to USD 43.2 million from USD 16.4 million reported in the same period a year earlier.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Mar 2019 >>
MTWTFSS
25 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

LNG2019

LNG2019 features the largest number and highest level of LNG industry leaders.

read more >

Singapore Maritime Week (SMW) 2019

very year, SMW gathers the international maritime community for a week of flagship conferences…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >