Dryships Announces Charters For Two Vessels

DryShips, Inc., has entered into the following charters for its vessels with unaffiliated third parties: Its 1996 built 73,008 dwt Panamax bulk carrier M/V Lanzarote has been placed on time charter for a period of between five and seven months at a daily rate of $43,750, commencing on April 30, 2007. Its 1997 built 72,126 dwt Panamax bulk carrier M/V La Jolla has been placed on time charter for a period of between five and seven months at a daily rate of $46,000, commencing on April 30, 2007.