Dry Ships Signs Agreement with DnB NOR

Monday, June 22, 2009

DryShips Inc. (NASDAQ:DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced that it has signed an agreement with DnB NOR on waiver terms for $86m of our outstanding debt. George Economou, Chairman and Chief Executive Officer, said “We are pleased to have signed the agreement with DnB NOR for this facility which covers two of our drybulk vessels. We continue to deliver on the covenant waivers and assess acquisition opportunities to further grow the company”.

(www.dryships.com)

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