Monday, November 30, 2009

Dryships decides against purchase of vessels

From Reuters

Nov 30 (Reuters) - DryShips Inc (DRYS.O) said it has terminated an agreement to buy two Panamax vessels as it could not get a period employment contract for the vessels within the agreed timeframe with the sellers.

It doesn't say who were the sellers.

Probably some company connected to George, the Chairman of Dryships, or maybe one of his friends.

It's a cozy club.

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