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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

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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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