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Court rejects injunction case against Dryships

Yet another round in the dispute between the Greek dry bulk carrier and a shareholder is decided in favor of the carrier and its founder, George Economou. A court in the Marshall Islands has rejected the plaintiff's injunction against the carrier's sale of stock, informs Dryships.

Dryships gearing up for showdown with investors

The charges against Greek bulk carrier Dryships and its management are unfounded, stresses Dryships in a statement. The carrier is preparing for a showdown while at the same time announcing a new reverse stock split.

Ocean Rig files for Chapter 15 in the US

Ocean Rig, owned by Greece's George Economou, has filed for bankruptcy protection in the US under Chapter 15 in an effort to prevent creditors from disrupting the efforts to restructure the company's debt.

Dry bulk shipowner weighs purchase of four VLGCs

New York-listed Dryships, which owns a fleet of dry bulk and offshore vessels, is prepared to enter the market for LPG transport with an option to buy four VLGC vessels currently under construction.

Bulk share surged more than 1300 percent in four days

What could explain a price surge as big as USD 5 to USD 73 in an ailing bulk carrier over a period of just four days, asks Alphabulk. The analyst agency offers an explanation for the huge price jump logged before trading of the share was halted on Nasdaq in New York.

Greek magnate's drilling company could be de-listed

Drilling company Ocean Rig, which is owned by Greek magnate George Economou, is at risk of being de-listed from the Nasdaq Exchange in New York after its share price has hovered below one US dollar for 30 consecutive days. The company is now considering a reverse share split.

DryShips sells tanker fleet to CEO

CEO of the dry bulk and tanker carrier DryShips, George Economou, is to buy the carrier's whole fleet of ten vessels for one of his other companies. DryShips is presumably the hardest hit dry bulk company on Wall Street.

DryShips sælger sin tankflåde til CEO

Tørlast- og tankrederiet DryShips' CEO George Economou køber hele rederiets tankflåde på ti skibe op til et af sine andre selskaber. DryShips er formentlig det hårdest ramte tørlastselskab på Wall Street.

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