Fallout from slumping bulker rates has topped off enormous impairment charges at George Economou's DryShips, which is currently selling most of its fleet. The NASDAQ-listed company posted a net loss of USD820 million for 3Q15, driven by a USD797.5 million impairment charge from the 'marking to market' of its dry bulk vessels after they were classified as 'held for sale' in September. Losses in the first nine months of 2015 totalled USD970.7 million. Excluding non-cash items, DryShips' adjusted net loss for 3Q15 was USD22.5 million, down from USD29.8 million in 3Q14.
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