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Dryships hit by another OSV cancellation from Petrobras

Petrobras has cancelled the charter on the third of six offshore vessels it has on charter from Dryships.

Marcus Hand, Editor

April 12, 2016

1 Min Read
Kalyakan - stock.adobe.com

Dryships said that the contract on the oil spill recovery response vessel Vega Inruda with Petrobras had been cancelled from 8 April. The contract had been due to expire on 30 August 2017, and the cancellation will result in a loss of $2.9m in contracted EBITDA for 2016.

It is the third offshore vessel contract with Dryships that Petrobras has terminated early.

Dryships made an oddly timed move in the OSV market in October last year buying six offshore vessels on charter to the Brazilian state oil and gas firm.

Read more about:

dry bulk shipping

About the Author

Marcus Hand

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

See more from Marcus Hand
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