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DryShips books big new deficit

Major operating deficits and bottom line losses at Greek-based DryShips, which is currently in the midst of negotiations with creditors to restructure the carrier's debt.

Photo: Colourbox

Greek DryShips booked a net loss of USD 9.1 million and a negative operating result (EBITDA) of USD 10.1 million in the second quarter this year, according to a financial report from the ailing company.

The carrier, controlled by Greek businessman George Economou, thus seems to be continuing down a destructive path after the carrier suspended payments of interest on debt earlier this year.

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