Dryship Sells its 2001-built Panamax Dry Bulk Carrier

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DryShips Inc. is selling one of its 2001 built Panamax dry bulk carrier by the end of this month, says a press release on NASDAQ website.

  • The company, a diversified owner and operator of ocean going cargo vessels, announced recently that it has entered into an agreement with an unaffiliated buyer for this purpose.
  • The Company expects to realize a gain on vessels sales compared to the book value of this asset.

About DryShips Inc.

The Company is a diversified owner and operator of ocean going cargo vessels that operate worldwide. As of August 15, 2018, and not giving effect to way pending vessel transactions, the Company operates a fleet of 33 vessels comprising of (i) 8 Panamax drybulk vessels; (ii) 5 Newcastlemax drybulk vessels; (iii) 5 Kamsarmax drybulk vessels; (iv) 1 Very Large Crude Carrier; (v) 2 Aframax tankers; (vi) 2 Suezmax tanker; (vii) 4 Very Large Gas Carriers; and (viii) 6 Offshore Support Vessels, including 2 Platform Supply and 4 Oil Spill Recovery Vessels.

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Source: Nasdaq