Dryships Inc. Announces The Acquisition Of Two Panamax Vessels
ATHENS, GREECE - November 18, 2009- DryShips Inc. (NASDAQ:DRYS) (the
"Company" or "Dryships"), a global provider of marine transportation services for
drybulk cargoes and off-shore contract drilling oil services, announced today an
agreement to acquire two Panamax vessels for an aggregate price of $75.76m. The
vessels, a 76,635 dwt Panamax built in 2007, and a 76,635 dwt Panamax built in 2006,
are expected to be delivered charter-free within the first quarter of 2010. This transaction
is subject to the approval of the Board of Directors of DryShips.
DryShips Inc., based in Greece, is an owner and operator of drybulk carriers and offshore oil deep water drilling that operate worldwide. As of the day of this release, DryShips owns a fleet of 39 drybulk carriers comprising 7 Capesize, 30 Panamax and 2 Supramax, with a combined deadweight tonnage of over 3.4 million tons, 2 ultra deep water semisubmersible drilling rigs and 4 ultra deep water newbuilding drillships.
DryShips Inc.'s common stock is listed on the NASDAQ Global Market where trades under the symbol "DRYS".
DryShips Inc.