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2017 June 29   18:06

Dryships announces successful delivery of its first very large gas carrier

DryShips Inc., a diversified owner of ocean going cargo vessels, has taken delivery of the previously announced  high specifications  newbuilding Very Large Gas Carrier. The VLGC  will be employed under a time charter on a fixed rate with five years firm duration to an oil major.

The charterer has options to extend the  firm employment period by up to three years. Dryships expects a total gross backlog associated with this time charter of up to $92.7 million including the o p tional  periods.

Since the begin ni ng of this year, DryShips has taken delivery of  eleven vessels and expect s to take delivery of six more by the end of the year.

About DryShips Inc.

Dryships is a diversified owner of ocean going cargo vessels that operate worldwide. Dryships owns a fleet of 13 Panamax drybulk vessels; 4 Newcastlemax drybulk vessels, 3  of which are expected to be delivered in the third quarter of 2017; 5  Kamsarmax drybulk vessels; 1 Very Large Crude Carrier; 2  Aframax tankers ; 1 Suezmax tanker ; 4  Very Large Gas Carriers, 3 of which are expected to be delivered in September, October and December of 2017; and 6 offshore support vessels, comprising 2 platform supply and  4  oil spill recovery vessels.

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