DryShips Sells Panamax Drybulker

Greece-based DryShips announced that it has entered into an agreement with an unaffiliated buyer for the sale of one of its 2001-built Panamax drybulk carrier.

The vessel is scheduled for delivery to its buyer no later than the end of this month.

The diversified owner and operator of ocean going cargo vessels expects to realize a gain on vessels sales compared to the book value of this asset.

DryShips operates worldwide. As of August 15, 2018, and not giving effect to any pending vessel transactions, the Company operates a fleet of 33 vessels comprising of (i) 8 Panamax drybulk vessels; (ii) 5 Newcastlemax drybulk vessels; (iii) 5 Kamsarmax drybulk vessels; (iv) 1 Very Large Crude Carrier; (v) 2 Aframax tankers; (vi) 2 Suezmax tanker; (vii) 4 Very Large Gas Carriers; and (viii) 6 Offshore Support Vessels, including 2 Platform Supply and 4 Oil Spill Recovery Vessels.