Post by
ufoolme on Apr 25, 2017 6:10pm
Ships
Dry Ships has a total of 13 dry bulk vessels. There are nearly 11000 dry vessels worldwide. In 2017, Dry Ships has contracted to purchase a total of about 18 more vessels. So in the big picture, they are a small player. Can they pay for all of these vessels? That is the million dollar question, thus more dilution expected. If they can weather the storm until they have all of these vessels in service, then perhaps they can rally. But it will take until 2018 to see the results, unfortunately. And even in the end, they will have about 31 vessels, excluding service vessels, which still makes them a small player.