DryShips Continues Growing Its Fleet

  • Business & Finance

Athens-based shipowner DryShips Inc. has taken delivery of a 115,666 dwt Aframax tanker built in 2012, which will be employed in the spot market.

Since the start of its acquisition program, in addition to the above, DryShips has taken delivery of a total of three vessels. Namely, one 2014-built Kamsarmax drybulk vessel, which features 81,918 dwt, was delivered on May 10, 2017.

At the start of the month, the company took delivery of a 205,855 dwt Newcastlemax drybulk ship, built in 2014. Additionally, in late April, DryShips added a 113,644 dwt Aframax newbuilding tanker.

“We are very excited to have taken delivery of four newly acquired vessels at historical low prices. DryShips continue to execute the plan to diversify its fleet and can now begin to generate cash flows with high quality operations and services to its charterers,” George Economou, Chairman and Chief Executive Officer, said.

Besides the two Aframax tankers, DryShips owns a fleet of 13 Panamax drybulk vessels, four Newcastlemax drybulk vessels, five Kamsarmax drybulk vessels, one very large crude carrier, one Suezmax tanker and four VLGCs.

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