DryShips Commences Time Charter of Fourth VLGC with an Oil Major Trading Company

Image Courtesy: DryShips

DryShips Inc., 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.

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

The Company owns a fleet of 35 vessels comprising of (i) 12 Panamax drybulk vessels; (ii) 4 Newcastlemax drybulk ves- sels; (iii) 5 Kamsarmax drybulk vessels; (iv) 1 Very Large Crude Carrier; (v) 2 Aframax tankers; (vi) 1 Su- ezmax tanker; (vii) 4 Very Large Gas Carriers and (viii) 6 offshore support vessels, including 2 platform supply and 4 oil spill recovery vessels.

Sea News, January 12