DryShips offloads another panamax bulker

DryShips offloads another panamax bulker

George Economou’s DryShips has entered into an agreement to sell one of its 2001-built panamax bulkers.

DryShips did not reveal the sale price or the buyer of the vessel, which is ether the Capitola or Levanto. The Levanto has a fair market value of $9.3m according to MSI, while the Capitola has a fair market value significantly lower at $7.7m.

The vessel is scheduled for delivery to its new owner by the end of the month, leaving DryShips with six panamax bulkers.

Last month, DryShips sold 2002-built panamax pair Bargara and Mendocino for $18.8m.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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