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>

<< Aug 2019 >>
MTWTFSS
29 30 31 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

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >