DryShips Sells Three Bulkers
Norfolk Southern Greek shipping company DryShips has completed the sale of its three bulker carriers, the Fakarava, Rangiroa and Negonego along with the associated bank debt, to entities controlled by the companys chairman and CEO, George Economou. As a result of the transaction, the companys total bank debt has been reduced by USD 102.1 million, and currently stands at USD 213.7 million. More information to follow soon