rss icon Subscribe
desktop mobile

DryShips Installs Scrubbers on 7 Vessels

Pic: DryShips

Laxman Pai

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.

Sep 17, 2019

 

People & Company News

Baltic Index Dips for a Straight Third Session

© Fotos von Schiffen / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk

Interview: Dr. Catherine Warner, Director, NATO CMRE

Dr. Catherine Warner, Director, NATO CMRE. Photo: CMRE

At CMRE, it’s not just about the science.  It’s about building trust and confidence in resilient

Grandweld Shipyards Completes 35 Years

Image: Grandweld

Grandweld, a fully integrated shipyard providing shipbuilding, ship repair, and engineering

Vessels

DSME WIns Order for Five Mega Ships

Image: Daewoo Shipbuilding & Marine Engineering

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering has secured an order for five

Princess Cruises Takes Delivery of Newest Ship

From left to right: Roberto Olivari, Monfalcone Shipyard Director; Captain Heikki Laakkonen; Arnold Donald, President and CEO of Carnival Corporation; Jan Swartz, Group President of Princess Cruises and Carnival Australia; Giuseppe Bono, CEO of Fincantieri; Gianluca Castaldi, Undersecretary of State to the Presidency of the Council of Ministers; Micky Arison, Chairman of Carnival Corporation; Stein Kruse, Group CEO of Princess Cruises, Holland America Line, Seabourn, Carnival Australia and UK. P

Princess Cruises, the Carnival-owned cruise line, has taken delivery of its fourth Royal-class ship

Boa Offshore Wins AHTS Contracts

Image:  Boa Offshore

Norwegian offshore supply vessel owner Boa Offshore is awarded contracts by The Norwegian Defense

Maritime Apps