DryShips has suspended all payments

Greek bulk carrier DryShips has now stopped paying interest on loans, and the debt-plagued company has thus completely suspended all payments. However, the divestment of a major stake enabled the carrier to deliver a profit in the first quarter.

BY DANIEL LOGAN BERG-MUNCH

The crisis continues for dry bulk carrier DryShips, whose owner, Greek billionaire George Economou, has been struggling in recent years to keep the carrier afloat in the historically weak dry bulk market.

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Accountant casts doubts on Dryships' survival
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Greek shipowner buys more vessels from himself
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DryShips' deficit skyrockets
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