DryShips, Inc., a global provider of marine transportation services for drybulk cargoes today announced that it has made the following agreements with unaffiliated third parties:
• To enter its 1999 built 73,688 dwt
Panamax bulk carrier “M/V Ocean Crystal†into a time
charter for a period of between six and eight months at a daily rate of $40,000. This new
time charter commenced on March 31, 2007.
• To enter its 2001 built 170,662 dwt Capesize bulk carrier “M/V Alameda†into a time
charter for a period of between 9 and 11 months at a daily rate of $73,000.
This new time
charter commenced on April 13, 2007.
• To enter its 1994 built 45,863 dwt Handysize bulk carrier “M/V Matira†into a time
charter for a period of between 6 and 8 months at a daily rate of $32,300. This new time
charter is expected to commence no later than April 20, 2007.
• To enter its 1995 built 75,473 dwt Panamax bulk carrier “M/V Waikiki†into a time
charter for a period of between 9 and 11 months at a daily rate of $36,750. This new time
charter is expected to commenced on April 13, 2007.