DryShips Installs Scrubbers on 7 Vessels

September 17, 2019

Greek diversified owner and operator of ocean going cargo vessels DryShips announced that further to its plan to future proof its fleet, it has completed the dry-docking, installation of ballast water treatment systems (BWTS) and scrubbers on 7 vessels.

DryShips has incurred approximately $26.1 million of total costs and 300 off-hire days future Proofing of the its fleet.

"Within 2020, we expect to continue to execute our plan to upgrade additional vessels and we expect to incur approximately 843 off-hire days for a total estimated cost of $65.8 million," said a release from the company.

"In connection with the installation of scrubbers on our vessels we have entered into agreements, directly or indirectly, with internationally recognized financial institutions and/or export credit agencies to borrow up to $36.4 million to partly finance such installations," it said.

The loans have not yet been drawn and they are guaranteed by entities that may be deemed to be affiliated with its Chairman and CEO, George Economou, the release added.

Logistics News

Port Houston Surpasses 2 Million TEUs in June, Looks Ahead to Maritime Conference

Port Houston Surpasses 2 Million TEUs in June, Looks Ahead to Maritime Conference

Greek-Managed Tankers Divert Around Africa to Avoid Red Sea Attacks

Greek-Managed Tankers Divert Around Africa to Avoid Red Sea Attacks

Global Shipping's Q3 Outlook Centers on Geopolitical Instability (again)

Global Shipping's Q3 Outlook Centers on Geopolitical Instability (again)

Tideworks Technology’s Traffic Control Solution Deployed at Florida International Terminal

Tideworks Technology’s Traffic Control Solution Deployed at Florida International Terminal

Subscribe for Maritime Logistics Professional E‑News

Russia convicts many for anti-Israel riots in Dagestan Airport two years ago
Greek-managed ships divert Russian oil to Africa in order to avoid Red Sea Attacks
US Judge sets August hearing to end Boeing criminal prosecution