• 2015 September 11 12:31

    Dryships announces agreements to sell 17 vessels and an expected impairment loss of $795 million

    DryShips Inc., a global provider of marine transportation services for drybulk  cargoes, and through its  affiliate, Ocean Rig UDW Inc., of off - shore contract drilling oil services, announced that it has entered into firm sales agreements with entities controlled by the  Company’s Chairman and Chief Executive Officer, George Economou, to sell 17 vessels.

    The 17 vessels , comprise d of 13 Capesize and 4 Panamax bulk carriers , are being sold for an  aggregate price of $377.0 million , including  their existing employment agreements and  the  assumption of  $23 6.7 million of  debt  as of September 10, 2015,  associated with some of the  vessels. A ll  of  the individual transactions  are expected to close  in the fourth quarter of 2015 and  certain transactions remain subject to the  approval of the applicable lending banks. These  transactions were approved by the independent directors of the Company. As a result of the Company’s decision to sell these vessels, the Company expects to recognize an  impairment charge of approximately $37 3 million in its results for  the  third quarter of 2015. 

    In addition, the Company’s Board of Directors, has decided  to classify all of the remaining  vessels in the fleet , comprised of 20 Panamax and 2 Supramax bulk carriers , as held for sale, and  as a res ult the Company expects to recognize an additional impairment charge of approximately  $422 million in its results for  the  third quarter of 2015.

    About DryShips Inc.

    DryShips Inc. is an owner of drybulk carriers that operate worldwide. Dryships also has an  affiliate  Ocean Rig UDW Inc., an offshore deepwater drilling services company, which owns and  operates 13 offshore ultra deep water drilling units, comprised of 2 ultra deepwater  semisubmersible drilling rigs and 11 ultra deepwater dril lships, 1 of which is scheduled to be  delivered to Ocean Rig during 2016 , 1 of which is scheduled to be delivered during 2018 and 1 of  which is scheduled to be delivered during 2019 . DryShips owns a fleet of 39 drybulk carriers,  comprising 13 Capesize, 24 Panamax and 2 Supramax with a combined deadweight tonnage of  approx imately 4.3 million tons.




2020 September 19

15:04 Vroon to recycle three PSVs
14:11 Limited openings at Erasmus Bridge for tall vessels
13:46 The construction of Finnnline's second hybrid ro-ro vessel started
12:33 USCG offloads estimated $216 million of cocaine, marijuana at Port Everglades
11:17 New Maritime Minister visits Port of Southampton

2020 September 18

18:53 Russian ports switch to unified digital platform for daily scheduling of vessels layout and traffic
18:17 KR issues world’s first cyber security class notation to HHI for very large LPG carriers
17:59 Rosmorport takes part in TRANSTEC International Transport Corridors Forum
17:37 Land purchase in Saint Petersburg: new service center for SCHOTTEL in Russia
17:26 Start-ups invited to enter competition to win £75,000 grant to develop innovate port technology
17:11 New high-speed passenger ship put into operation in Yamal-Nenets Autonomous District
17:06 SEACOR Marine forms new Sustainability Council to lead enhanced ESG program
16:51 District awards $15.4 million contract to dredge Freeport Lower Stauffer Reach channel
16:48 DP World and Dubai Customs to assess opportunities to develop trade links between UAE and Israel
16:30 Gazprom Nedra and Marine Rescue Service test SeaDrone MG in Arctic conditions
16:09 SG-STAR Fund: First global tripartite initiative to support countries for crew change
16:02 IUMI raises concerns over increased accumulation risk for yachts and inland vessels
15:43 USCG releases new plan to protect global maritime security
15:08 CMA CGM informs of revised port charges in Ghana
14:51 Bunker prices are stable at the Port of Saint-Petersburg, Russia (graph)
14:24 Goods traffic between North Sea Port and hinterland by inland waterways continues to increase
14:07 Vostochny Port installs four more dust capturing units
13:10 Last jackets to leave Dubai and head for the Moray East offshore wind farm
12:53 Admiralteiskie Verfi shipyard starts assembling major equipment on two trawlers for RFC
12:22 Reconstruction of Klaipeda Seaport breakwaters to increase competitiveness of economy in Lithuania
12:01 Kalmar to support DP World’s continuing expansion at Caucedo with new terminal tractors and empty container handlers
11:03 Naming ceremony held for Japan’s first LNG bunkering vessel
10:48 BIMCO introduces new PIs and KPIs to help improve performance
10:16 ECSA publishes study on implications of EU ETS for shipping
10:10 Keel laying of Tallink’s newest vessel MyStar takes place in Rauma shipyard, Finland
09:54 Port of Oakland import volume up for third straight month
09:51 MABUX: Bunker market this morning, Sept 16
09:47 Tallink Grupp’s vessel Baltic Queen arrives in Riga for the first time
09:23 Oil prices rise after a recent decrease
09:09 Baltic Dry Index as of September 17

2020 September 17

18:05 Digital Twin Ready certification awarded to Furuno
17:54 Damen launches Marine Aggregate Dredger for Hanson
17:52 Verifavia launches industry’s first “3-Way Plug & Play” dashboard
17:41 Nord Star officially listed as first resident of RF Arctic Zone
17:30 ITF and IMEC contribute US$500,000 to the Singapore Shipping Tripartite Alliance Resilience
17:06 Azerbaijan State Marine Academy offers skills development and advanced training courses for ASCO employees
16:43 Ship banned in Australia for AUD $118,000 in unpaid crew wages
16:15 COVID-19 is negatively impacting the offshore energy insurance sector, but market is beginning to harden, says IUMI
16:00 Gasum secures contract with Celsa Armeringsstål AS including LNG deliveries and new terminal
15:42 Diana Shipping announces the sale of a Panamax dry bulk vessel
15:28 FESCO launches regular intermodal service for seafood delivery from Far East to China
15:18 MABUX releases Bunker Weekly Overview
15:09 IMO-Singapore webinar charts ways forward for decarbonisation of shipping
14:15 Bollinger awarded contract for state-of-the-art floating dry dock for the US new Columbia Class ballistic missile submarine
13:56 Bunker prices are going down in the Far East ports of Russia (graph)
13:32 LR accepted by MarinTrust as a new registered Certification Body
13:10 Rosmorport announces expansion of Onega seaport limits
12:33 Lead nuclear-powered icebreaker of Project 22220, Arktika, leaves for Murmansk on September 22
12:01 Konecranes wins order for two more mobile harbor cranes from ZHD Stevedores in the Netherlands
11:30 Abu Dhabi Ports’ Smart Container Initiative to cut emissions by half
11:05 New rail link opens between Oslo and the Port of Gothenburg
10:54 CMA CGM announces FAK rates from Pakistan to North Europe, North Africa and Mediterranean
10:52 Fleet of Rosmorport’s Astrakhan Branch expanded with Nerpa aerosleigh
10:29 Rosmorport signs contract with Marine Rescue Service for reconstruction of Vanino-Kholmsk ferry crossing
10:04 Powers of Konstantin Palnikov as RS General Director extended from October 2020