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DryShips buys newcastlemax bulker from George Economou for $50m
NASDAQ Capital Market-listed shipowner DryShips has agreed to acquire a 2017-built newcastlemax dry bulk vessel from an entity connected to the company’s chairman and CEO George Economou. DryShips says the purchase price of $50m was based on the average fair market value of the bulker, as determined by independent third party broker valuations. VesselsValue data shows the vessel is likely the Yangzijiang-built 209,000 dwt Netadola, which is owned by Economou’s Cardiff Marine and currently valued at $51.51m according to the online valuation portal.
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