DryShips (NASDAQ: DRYS) this morning said that is has entered into an agreement to acquire one 82,129 DWT Kamsarmax drybulk carrier built in 2014 from an unaffiliated third party. The company will use cash on hand to finance the total gross purchase price of approximately $24 million. DryShips anticipates taking delivery of this vessel during the second quarter of 2017. Additionally, the company said it has taken delivery from the yard of the previously announced 113,644 DWT newbuilding Aframax tanker. “We are very excited to have started taking delivery of our previously announced acquisitions and also continue to grow our fleet with a new acquisition of one more modern vessel. The DryShips new era has official started and is expected to be accretive to our earnings and cash flows,” Dryships chairman and CEO George Economou stated in the news release.
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About DryShips
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) four Newcastlemax drybulk vessels, which are expected to be delivered in the second quarter of 2017; (iii) five Kamsarmax drybulk vessels, four 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 and one Aframax second-hand tanker, which is expected to be delivered in 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 (vii) six offshore support vessels, comprising two platform supply and four oil spill recovery vessels. For more information, visit the company’s website at www.dryships.com.
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