Dryships announces acquisition of four modern newcastlemax vessels
DryShips Inc., a diversified owner of ocean going cargo vessels, has entered into agreement s with unaffiliated third parties to acquire four modern Newcastlemax bulk carriers of approximately 206 ,000 DWT and with an average age of 3.0 years.
DryShips expects to take delivery of th e vessel s before the end of June 2017. DryShips will finance the total gross purchase price of approximately $1 24 million using cash on hand. Current liquidity stands at approximately $4 55 million. Two of the vessels will be employed under time charter contracts, while the other two will trade in the spot market.
DryShips is a diversified owner of ocean going cargo vessels that operate worldwide. DryShips owns a fleet of 13 Panamax drybulk carriers, which have a combined deadweight tonnage of approximately 1.0 million dwt, one Very Large Crude Carrier and one Aframax tanker newbuilding, each of which are expected to be delivered in the second quarter of 2017, 2 Very Large Gas Carrier newbuildings which are expected to be delivered in the second and third quarter of 2017, respectively, and six offshore support vessels, comprising two platform supply and four oil spill recovery vessels.