DryShips announces commencement of Its fourth VLGC 10-year time charter with an Oil Major Trading Company

By Vessels

DryShips Inc. (NASDAQ:DRYS), or (DryShips), a diversified owner of ocean-going cargo vessels, announced today that its fourth Very Large Gas Carrier commenced its fixed-rate time charter with ten years firm duration to an oil major trading company.

DryShips announces commencement of Its fourth VLGC 10-year time charter with an Oil Major Trading Company

The Company expects a total gross backlog associated with this time charter of up to $103.8 million.

The Company is a diversified owner of ocean going cargo vessels that operate worldwide. The Company owns a fleet of 35 vessels comprising of 12 Panamax drybulk vessels; 4 Newcastlemax drybulk vessels; 5 Kamsarmax drybulk vessels; 1 Very Large Crude Carrier; 2 Aframax tankers; 1 Suezmax tanker; 4 Very Large Gas Carriers and 6 offshore support vessels, including 2 platform supply and 4 oil spill recovery vessels.

DryShips’ common stock is listed on the NASDAQ Capital Market where it trades under the symbol “DRYS.”

Source: DryShips