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2017 May 3   14:02

Dryships announces successful delivery of its first modern newcastlemax vessel

DryShips Inc., a diversified owner of ocean going cargo vessels, has taken delivery of its first previously announced 205,855 DWT  Newcastlemax drybulk vessel built in 2014.  The vessel  was successfully delivered to its one year  time charter with  a major grain house, which is expected to provide a total gross backlog of $ 7.1 million.

About DryShips

Dryships is  a  diversified owner of ocean going cargo vessels that operate worldwide. Dryships owns a fleet of 13 Panamax drybulk vessels; four  Newcastlemax  drybulk vessels,  three of  which are  expected to be delivered in the second quarter of 2017; five Kamsarmax drybulk vessels, four second - hand vessels expected to be delivered in the second quarter of 2017 and one newbuilding expected to be  delivered in the third quarter of 2017 ; one very large crude carrier, which is expected to be delivered in  the second quarter of 2017; one Aframax tanker and one Aframax  second - hand tanker, which is expected to be delivered in the second quarter of 2017; four VLGC newbuildings, two of which are  expected to be delivered in June and September 2017 and the other two before the end of 2017; and six offshore support vessels, comprising two platform supply and four oil spill recovery vessels. DryShips’  common stock is listed on the NASDAQ C apital Market where it trades under the symbol “DRYS.”

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