DryShips announces commencement of its first Very Large Gas Carrier 5 year time charter
DryShips Inc. , a diversified owner of ocean going cargo vessels, announces that on June 29, 2017, its first Very Large Gas Carrier commenced its 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 optional periods.
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.