ShippingWatch

A part ofWatch Medier

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
BY LOUISE VOGDRUP-SCHMIDT
Published:

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.

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

Related articles

Latest news

  1. Seaspan brings in USD 200 million from sustainbility-linked bonds
  2. A new motorized bow turns tugboats into icebreakers
  3. Black Lives Matter stirred up a dilemma for the president of Hapag-Lloyd America
  4. Kristian Siem loses ownership control of Siem Offshore
  5. DB Schenker resumes freight to UK – DHL suspends some freight in the other direction
  6. MSC fired warning shot to ward off presumed pirate attack
  7. Borr Drilling raises millions after securing approval for rescue plan
  8. V.Group replaces CEO of ship management unit
  9. New NGO to enforce standards created by Rightship and Intercargo
  10. Prosafe reaches deal with oil company after canceled contract
  11. Maersk exec: "We have seafarers that are afraid of pirates – that shouldn't be the case in 2021"
  12. Maersk ship is latest example of remarkable container losses in the Pacific
  13. Maersk is looking into the possibility of vaccinating its employees
  14. Alba Tankers has bought new ships and made USD 16 million in five years
  15. Major bulk ships now earn more than five times more than supertankers
  16. This is Bourbon Offshore's strategy on how to emerge from the crisis
  17. Politicians want dockworkers in LA and Long Beach moved up in vaccination queue
  18. US blacklists oil traders and tankers for violating sanctions on Venezuela
  19. Maersk ship loses 750 containers in the Pacific
  20. Joe Biden signs decree returning the US to the Paris agreement

See all

Jobs

See all

See all