In the Nasdaq-quoted owner’s earnings report its chief executive did acknowledge that the near-term forecast for the dry-bulk and offshore segments still looks grim.
"The drybulk market remains challenging but we feel that we are getting closer to the bottom with each passing day as the increased scrapping activity of older vessels this year indicates,” Economou said.
“With no newbuildings on order, Dryships is better positioned than most of its peers in this downturn and with its large amount of spot market exposure is uniquely placed to take advantage of any increase in freight rates.”
Economou
