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Large bulk carrier suffers new huge loss

The dry bulk carrier DryShips felt the consequences of the weak market in 2014, and came out of the year with a loss of USD 47.5 million.

Photo: Gøteborg Havn

Listed on NYSE, Greek DryShips, which besides dry bulk shipping also runs the drilling company Ocean Rig, has released the company's annual report for 2014, which shows a total loss of USD 47.5 million.

The deficit is due to impairments on one of the company's dry bulk vessels of USD 38.1 million in the fourth quarter, as well as impairments in Ocean Rig. Without taking the impairments into account, the result at DryShips would have been the positive number of USD 23 million.

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