George Economou’s DryShips has continued to reduce its exposure to the dry cargo market with the sale of its two supramaxes. Brokers say the Nasdaq-listed owner has sold both the 51,200-dwt Byron (built 2003) and the 51,200-dwt Galveston (built 2002). A price of $6.3m is placed on the first of the pair, with the other vessel fetching $5.8m, brokers believe.
