Dryships: Dry bulk will rebound in 2015

The dry bulk, tanker, and rigging group Dryships has brought its bottom line into the black in the third quarter. The carrier expects an improved dry bulk market next year.

The New York-listed, Greek-owned carrier Dryships has more than 40 dry bulk vessels in its fleet, which also includes tankers and drilling rigs and ships. And things have looked so good for the collective fleet in Q3 2014 that the group – unlike in Q2 – can present a net profit.

Net income for the third quarter of the year landed at USD 16.7 million. In contrast, the shipping group had to record a net deficit of USD 5.6 million in the previous quarter.

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