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The company continues as the surviving corporation and becomes a wholly owned subsidiary of SPII.
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The closing of the transaction is expected to take place on or about October 11, 2019.
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DryShips completes the dry-docking and installation of BWTSs and scrubbers on seven of its vessels.
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The merger is expected to close in the fourth quarter of 2019.
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The advisors and the special committee will evaluate the takeover proposal made by SPII Holdings.
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SPII Holdings has offered to buy Greek ship owner and operator DryShips, its subsidiary.
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DryShips acquired the remaining 50.2% of the pool operator for USD 17 million.
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DryShips reveals future proofing plan to install scrubbers and ballast water systems on its fleet.
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DryShips is to acquire a Newcastlemax drybulk carrier built in 2017 for USD 50 million.
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DryShips is to buy four vessels from entities owned by its Chairman and CEO, George Economou.
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DryShips reached an agreement to sell one of its 2001-built Panamax drybulk carrier.
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DryShips delivered a profit in the 2Q of 2018, driven by an improvement in TCE rates.
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DryShips has unveiled agreements to sell a number of its ships, including its four very large gas carriers (VLGCs).
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DryShips is steaming ahead with its fleet rejuvenation strategy and shedding of older tonnage.
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DryShips has reached an agreement to purchase two vessels at an aggregate price of USD 93.8 million.
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Greek shipowner DryShips signed sale and leaseback agreements for six bulkers with Chinese lenders.
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DryShips cut its net loss and delivered a rise in revenues for the year ended December 31, 2017.
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Greece-based owner DryShips Inc. is looking to spin off of its gas carrier business, Gas Ships Limited.
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DryShips has taken delivery of its fourth very large gas carrier (VLGC) newbuilding.
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DryShips has received commitments for credit facilities of up to an aggregate of USD 125 million.
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Greek ship owner DryShips has plunged further into the red as its net and operating losses increased during the three-month period ended September 30. The company’s net loss for the three months reached USD 17.9 million, compared to a net loss of USD 5.2 million reported in the same period in 2016. While operating loss […]
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Greek drybulk shipping firm DryShips has expanded its fleet with a third newbuilding very large gas carrier (VLGC). The high specifications vessel, capable of carrying liquefied petroleum gas (LPG), will be employed under a time charter on a fixed rate with ten years firm duration to an oil major trading company. Expected total gross backlog associated with this […]
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Greek shipowner DryShips has raised USD 100 million of gross proceeds from its rights offering of shares, the company said. The gross proceeds amount includes a USD 99.2 million investment by Sierra Investments, which is affiliated with DryShips’ Chairman and Chief Executive Officer, George Economou, the company said. Namely, DryShips inked a backstop purchase agreement […]
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The second newbuilding very large gas carrier (VLGC) has joined DryShips’ fleet, the Greek shipowner said. The VLGC will be employed under a time charter on a fixed rate with five years firm duration to an unnamed oil major. The charterer has options to extend the firm employment period by up to three years. DryShips […]
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Nasdaq-listed shipowner DryShips has received a subpoena from the Securities and Exchange Commission (SEC) requesting documents and information regarding the company’s share offerings made between June 2016 and July 2017. “The company is providing the requested information to the SEC,” DryShips said, announcing the results for the second quarter of 2017. The transactions helped DryShips […]
