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Net-Man

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Net-Man

Re: I-Man post# 39459

Thursday, 05/25/2017 7:45:40 AM

Thursday, May 25, 2017 7:45:40 AM

Post# of 58072
Basically GE sold a ship to DRYS. I am sure he took a profit on the sale. He contractually, as DRYS representative, collected a fee as DRYS representative on the purchase, and will make a profit again on the time charter - 50% of profit. DRYS will get whatever meager amount is left over after paying for the maintenance, crew, fuel, dry dockings, etc. GE wins again and is very thankful to the "investors" that paid for his additional wealth!
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