DryShips announces successful delivery of its second modern Newcastlemax vessel

By Vessels

DryShips Inc. (NASDAQ:DRYS), or DryShips or the Company, a diversified owner of ocean-going cargo vessels, announced Wednesday that it has taken delivery of its second previously announced 205,123 DWT Newcastlemax drybulk vessel built in 2013.

DryShips announces successful delivery of its second modern Newcastlemax vessel

The vessel will be employed under a time charter contract with a major coal and steel trader for a gross rate linked to the new Baltic Capesize Index (BCI5TC) plus 20%.

About DryShips Inc.

The Company is a diversified owner of ocean going cargo vessels that operate worldwide. The Company owns a fleet of (i) 13 Panamax drybulk vessels; (ii) 4 Newcastlemax drybulk vessels, 2 of which are expected to be delivered in the third quarter of 2017; (iii) 5 Kamsarmax drybulk vessels; (iv) 1 Very Large Crude Carrier; (v) 2 Aframax tankers; (vi) 1 Suezmax tanker; (vii) 4 Very Large Gas Carriers, 3 of which are expected to be delivered in September, October and December of 2017; and (viii) 6 offshore support vessels, comprising 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