ShippingWatch

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs