Dryships announces acquisition of three modern kamsarmax dry bulk vessels
DryShips Inc., a diversified owner of ocean going cargo vessels, announced today that it has entered into agreements with unaffiliated third parties to acquire
-One 81,918 DWT Kamsarmax drybulk carrier built in 2014. Dryships expects to take delivery of this vessel during the second quarter of 2017. -
Two 81,129 DWT Kamsarmax drybulk carrier s bu ilt in 2014. The purchase of the se two second - hand Kamsarmaxes was previously announced and Dryships has now physical inspected and accepted the vessels. Dryships expects to take delivery of the vessels during the second quarter of 2017. Dryships will finance the total gross purchase price of approximately $ 68 million using cash on hand, which currently stands at $429 million.
About DryShips
Dryships is a diversified owner of ocean going cargo vessels that operate worldwide. Dryships owns a fleet of 13 Panamax drybulk vessels ; four Newcastlemax drybulk vessels, which are expected to be delivered in the second quarter of 2017 ; four Kamsarmax drybulk vessels, three second - hand vessels expected to be delivered in the second quarter of 2017 and one newbuilding expected to be delivered in the third quarter of 2017 ; (iv) one very large crude carrier , which is expected to be delivered in the second quarter of 2017; ( v ) one Aframax tanker newbuilding and one Aframax second - hand tanker , both of which are expected to be delivered i n the second quarter of 2017; ( vi ) four VLGC newbuildings, two of which are expected to be delivered in June and September 2017 and the other two before the end of 2017; and (v ii ) six offshore support vessels, comprising two platform supply and four oil spill recovery vessels. DryShips’ common stock is listed on the NASDAQ C apital Market where it trades under the symbol “DRYS.”
