Greek owner DryShips has announced that it has sold the 2002-built panamax drybulk carrier MV Oregon.
.The vessel, along with the associated bank debt, was sold to an entity controlled by the company’s chairman and ceo, George Economou.
The vessel was sold for a 10% premium to fair market value, as supported by independent third party broker valuations.
After the transaction the company’s senior secured revolving facility agreement stands at $10.8m.
