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News ID: 68092 |
Publish Date: 16:02 - 05 August 2016

DryShips Narrows 2Q Loss

Greek owner and operator of drybulk carriers and offshore support vessels DryShips Inc. has reported a net loss of USD 9.1 million in the second quarter of 2016, against a net loss of USD 1.4 billion seen in the same quarter of 2015

DryShips Narrows 2Q Loss
According to MANA, DryShips said that its net loss for the first half of the year narrowed to USD 115.9 million from the USD 1.4 billion seen a year earlier.
The company’s revenues for the quarter were at USD 13.1 million, compared to USD 403.1 million reported a year ago.
As of June 30, 2016, DryShips’ total debt stands at USD 224.7 million.
DryShips owns a fleet of 20 Panamax drybulk carriers with a combined deadweight tonnage of approximately 1.5 million tons, and 6 offshore supply vessels, comprising 2 platform supply and 4 oil spill recovery vessels
Tags: DryShips
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