Dryships to Purchase Eight Drybulk Vessels

Monday, August 06, 2007
DryShips, Inc., a provider of marine transportation services for drybulk cargoes, today announced that it has entered into agreements with unaffiliated third parties to acquire: • One 2003 built, 51,201 dwt Supramax bulk carrier, scheduled to be delivered in the third quarter of 2007. Upon delivery to DryShips, the vessel will commence a bareboat charter back to the seller for a period of between 13 and 15 months at a daily bareboat charter rate of $27,000. • One 2002 built, 74,204 dwt Panamax bulk carrier scheduled to be delivered in the fourth quarter of 2007. • One 2004 built, 76,500 dwt Panamax bulk carrier scheduled to be delivered in the first quarter of 2008. • Three 180,000 dwt Capesize bulk carriers under construction in S. Korea for delivery in the second and fourth quarters of 2009 and the first quarter of 2010, respectively. • Two 82,000 dwt Kamsarmax bulk carriers under construction in China for delivery in the first half of 2010. The aggregate purchase price of the vessels is approximately $620 million. The company plans to finance the acquisition of the vessels mainly through operating cash and additional borrowings.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Fundraiser Held for USS Gerald R. Ford Crew

Blackmer, a company in positive displacement and centrifugal pump and reciprocating compressor technologies, has a relationship with the U.S. Military that dates

Meercat Workboats Scores a Hat-trick

The U.K.’s Meercat Workboats says it scored a hat-trick; the Hampshire-based boat builder announced it is moving premises, that Seawork was a huge success and that

Northern Lights Opens Branch Office in Louisiana

Marine power generation and climate control products manufacturer Northern Lights has opened its fifth branch office, in Kenner, La, to enhance service to Gulf

Contracts

Young Brothers Orders Four New Tugs from Conrad

Young Brothers, Limited, Hawai‘i’s largest inter-island cargo service provider, and Conrad Shipyard, signed a contract to build four new tugs, a nearly $80 million

Boskalis Secures Dike Reinforcement Project

Royal Boskalis Westminster N.V. announced that the Noorderzijlvest district water board intends to award the contract for the Eemshaven-Delfzijl dike reinforcement

Wärtsilä, Zamakona Yards Join forces in Canary Island

Wärtsilä is enhancing its service offering by participating in a new maintenance hub in the Canary Islands. The facility, operated by one of Spain's biggest shipbuilding and ship repair groups,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2016 sec (5 req/sec)