DryShips Inc. (NASDAQ: DRYS) (DryShips), a diversified owner of ocean-going cargo vessels, announced Thursday that it has taken delivery of its fourth high specification very large gas carrier (VLGC) newbuilding.
The VLGC will be employed under a fixed rate time charter with ten years firm duration to an oil major trading company.
The Company expects a total gross backlog associated with this time charter of up to $103.8 million.
DryShips has now taken delivery of all of the 17 vessels it has acquired since the beginning of 2017.
Source: DryShips