DryShips to Add Two Economou Vessels to Its Fleet

first_imgGreek shipowner DryShips has reached an agreement to purchase two vessels at an aggregate price of USD 93.8 million.Under the deal, the company would buy a 2013-built Newcastlemax drybulk carrier and a 2017-built Suezmax tanker, both of which were constructed in China.The units will be acquired from entities that may be deemed to be affiliates of George Economou, the company’s Chairman and Chief Executive Officer.The purchase price including the associated bank debt of USD 50.3 million.DryShips said that the transaction remains subject to documentation and customary closing conditions, and is expected to close in June 2018.last_img

Leave a Reply

Your email address will not be published. Required fields are marked *