DryShips Inc. (NASDAQ:DRYS) (DryShips), a diversified owner and operator of ocean going cargo vessels, yesterday announced that it has entered into an agreement with an unaffiliated buyer for the sale of one of its 2001-built Panamax drybulk carrier. The vessel is scheduled for delivery to its buyer no later than the end of this month.
The Company expects to realize a gain on vessels sales compared to the book value of this asset.
About DryShips Inc.
The Company is a diversified owner and operator of ocean going cargo vessels that operate worldwide. As of August 15, 2018, and not giving effect to any pending vessel transactions, the Company operates a fleet of 33 vessels comprising of (i) 8 Panamax drybulk vessels; (ii) 5 Newcastlemax drybulk vessels; (iii) 5 Kamsarmax drybulk vessels; (iv) 1 Very Large Crude Carrier; (v) 2 Aframax tankers; (vi) 2 Suezmax tanker; (vii) 4 Very Large Gas Carriers; and (viii) 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.”