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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.

Photo: Gøteborg Havn

The New York listed carrier, DryShips, is now bidding farewell to its tanker fleet. The buyer is president and CEO of DryShips, George Economou, who through one of his other companies is purchasing the fleet of all ten vessels.

The ten tankers include four Suezmax ships to be sold for a total price of USD 245 million, as well as six Aframax vessels, which are expected to be sold for a total price of USD 291 million. The sales agreements will not be binding until this summer.

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