DryShips considers ditching some of its bulk tonnage
Greece-based DryShips is considering whether to shed some of its existing bulk carriers or to axe its new-building commitments to reduce its exposure to a dry bulk sector that is draining the company’s cash.
The George Economou-led company flagged up the likely strategy as it adjusts to a new, tougher financing environment for shipping and continues to expand its position in the ultra-deepwater drilling industry.
“We are actively managing our book and there are various...
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