DryShips Inc. , a diversified owner and operator of ocean going cargo vessels, has completed the acquisition of 100% of the issued and outstanding shares of Heidmar Inc. (“Heidmar”), a global tanker pool operator. Prior to the transaction, DryShips indirectly owned approximately 49.8% of Heidmar.
As part of the transaction, DryShips acquired the remaining approximately 50.2% of Heidmar currently held by other unaffiliated entities, for an aggregate consideration of approximately $17 million. The transaction was approved by the independent directors of the Company. In connection with the transaction, Mr. Pankaj Khanna has been appointed as CEO of Heidmar, with immediate ef-fect.
About DryShips Inc.
The Company is a diversified owner and operator of ocean going cargo vessels that operate worldwide. As of June 10, 2019, the Company operates a fleet of 32 vessels comprised of 6 Panamax drybulk vessels; 9 Newcastlemax dry-bulk vessels; 5 Kamsarmax drybulk vessels; 1 Very Large Crude Carrier; 3 Aframax tankers; 2 Su-ezmax tankers; and 6 Offshore Support Vessels, including 2 Platform Supply and 4 Oil Spill Recovery Vessels.