DryShips has wrapped up fresh debt facilities and sold off one of its oldest bulk carriers.

George Economou’s DryShips has inked two fresh loans worth a combined $125m, it announced today.

Chief executive Economou said in a statement: “This year has been transformational for DryShips.

“We continue to execute on our business plan with the support of our lenders, which is a testament to the strength of the company’s balance sheet.”