DryShips Agrees To Sell Tanker Fleet | Fox Business

SAN FRANCISCO – DryShips Inc. said late Monday it entered agreements to sell its tanker fleet to interests controlled by its chairman and CEO. DryShips shares rose 3.7% to 84 cents a share on moderate volume. The marine transportation company said it agreed to sell four of its Suezmax-class tankers for $245 million to entities controlled by George Economou. DryShips also entered into unconfirmed agreements to sell six Aframax-class tankers to Economou for a potential price of up to $291 million, the company said.