• 2015 October 23 10:11

    Dryships announces the acquisition of six offshore supply vessels

    DryShips Inc., a global provider of marine transportation services for drybulk  cargoes, and through its affiliate, Ocean Rig UDW Inc., a provider of off-shore contract  drilling oil services, announced today that it has entered into an agreement to acquire  approximately 98% of Nautilus OffShore Services Inc. for a purchase price of $87 million plus the assumption of approximately $33 million of net  debt. 

    Nautilus indirectly through its subsidiaries owns six Offshore Supply Vessels of which four  are Oil Spill Recovery Vessels (OSRVs) and two are Platform Supply Vessels (PSVs), all of  which are on time charter to Petrobras until certain dates through 2017. The vessels are  managed by TMS OffShore Services Inc., an entity controlled by the Company’s Chief  Executive Officer, Mr. George Economou. 

    The purchase price will be partly financed by  a new loan facility of $50 million provided to  the Company by an entity controlled by Mr. George Economou. The loan will be secured by  shares that the Company holds in Ocean Rig UDW Inc. and by one Panamax drybulk carrier  and has a tenor of three years. In addition,  the lenders and the borrowers have certain  conversion rights.  The transactions have been approved by the independent members of the Company’s Board of  Directors. 

    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 deepwater dr illing units, comprised of 2 ultra deepwater  semisubmersible drilling rigs and 11 ultra deepwater drillships, 1 of which is scheduled to be  delivered to Ocean Rig during 2017, 1 of which is scheduled to be delivered during 2018 and  1 of which is scheduled to be delivered durin g 2019. DryShips owns a fleet of 26 drybulk  carriers, comprising 4 Capesize, 20 Panamax and 2 Supramax with a combined deadweight  tonnage of approximately 2.4 million tons.




2020 September 22

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18:06 Aker Solutions wins electrification work for Lundin Energy Norway
17:49 Onezhsky Shipyard launches yet another self-propelled hopper barge of Project NV-600
17:36 DNV GL – Maritime releases the fourth edition of its Maritime Forecast to 2050
17:15 KNUD E. HANSEN introduces new design of icebreaking expedition cruise vessel
16:56 Vyborg Shipyard lays down processing trawler of KMT02.03 design
16:35 "NextGEN" shipping decarbonization concept mooted for green and efficient navigation
16:19 USC and KOMEA create Russia-Korea shipbuilding and ship equipment cluster
16:05 Hopper Dredger First to Sail 2,000 Hours on 100% Sustainable Marine Biofuel
15:34 Boudewijn Siemons appointed as new Port Authority COO
15:10 The largest LNG-powered container ship joins CMA CGM Group's fleet
14:58 Lead nuclear-powered icebreaker of Project 22220, the Arktika, heads out for Murmansk
14:23 Release of containers at Port of Antwerp will be digitalized
14:17 Gazprombank to loan EUR 522 for construction of floating LNG storage units
13:22 Konecranes to start cooperation negotiations in Germany and Finland in its Industrial Equipment business area
13:00 Ships of RF Navy’s Black Sea Fleet participated in Kavkaz-2020
12:38 Bunker market sees mixed price movements in the Far East ports of Russia (graph)
12:15 Dogger Bank wind farm places record-breaking turbine order boosting local jobs
11:49 BIMCO adopts the industry’s first ship sale and leaseback standard
11:46 Operation of Novosibirsk gateway completed in navigation season of 2020
11:20 Rosmorport prepares tender documentation to continue construction of international marine terminal in Pionersky
10:33 IAA PortNews’ webinar “All Ferries. Caspian Basin” scheduled for 30 September 2020
10:09 Port Houston container volumes down 4% to 248,630 TEUs in August 2020
09:55 New gas tanker form paves the way for revision of ASBATANKVOY
09:31 Oil prices are recovering
09:22 Keppel O&M secures two contracts worth approximately $200 million
09:14 Baltic Dry Index as of September 21
08:38 MABUX: Bunker market this morning, Sept 22

2020 September 21

18:27 CMA CGM announces new PSS, FAK and GRR from Asia to North Europe
18:07 IUMI reports that marine cargo insurance market is “improving amid significant change”
17:43 BIMCO adopts the industry’s first ship sale and leaseback standard
17:21 CMA CGM Group launches “A Humanitarian Ship for Lebanon” campaign to ship emergency humanitarian aid
17:21 USCG prepares for storm, coastal flooding along Texas coast
16:37 Fire on fast rescue craft onboard the M/V Siem Diamond
16:14 LR and the NPL partner on marine autonomy assurance
15:56 FESCO’s container train links Saint-Petersburg and Vladivostok
14:45 Point system developed in Russia for estimation of local content in shipbuilding
14:10 Nakilat transitions LNG Al Rekayyat to in-house management
13:33 Average spot market price for Russian M100 product fell to RUB 12,512 pmt
13:04 Work commences on Phase-2 wharf revetment and land reclamation at Port of Kaohsiung's 7th Container Terminal
12:59 Algeciras, Amsterdam, Lisbon and Puertos del Estado shortlisted for 12th ESPO Award
12:22 Towing of seagoing tugboat Andrey Stepanov along Northern Sea Route completed
12:01 Fincantieri launches the first patrol vessel for Qatar
11:00 BeHydro dual-fuel hydrogen engine awarded Approval in Principle by LR
10:39 Remote audits discussed to avoid further disruption to audit schedule
10:02 Philippine Ports Authority launches COVID-19 contact tracing system for all port users, community
09:41 Oil prices are slightly up
09:23 MABUX: Bunker market this morning, Sep 21
09:08 Baltic Dry Index as of September 18

2020 September 20

16:27 Innovative vacuum cleaner removes plastic from nature reserve in the port of Antwerp
15:33 Master and chief engineer plead guilty in MV Funing case
14:07 World’s largest LNG bunkering vessel arrives in Rotterdam
12:38 Austal Australia delivers 7th GCPB
11:14 ABS to class another four VLEC for Zhejiang Satellite Petrochemical
10:49 MBZ and Boluda Towage Europe ink the 5-year concession agreement for providing sustainable towage service in the Port of Zeebrugge

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