DryShips Sells Six Aframax Tankers

Dry bulk and petroleum cargo shipper DryShips Inc., through its majority owned subsidiary, Ocean Rig UDW Inc. of offshore contract drilling oil services, announced today that entities controlled by the company’s chairman and chief executive officer, George Economou, have exercised their unconditional acceptance to acquire the company’s six Aframax tankers, Belmar, Calida, Alicante, Mareta, Saga and Daytona.

DryShips announced at the end of March 2015 that the six tankers would potentially be sold pending confirmation of the purchaser's unconditional acceptance by June 30, 2015.

As per the company’s March 30 announcement, the purchasers will acquire the tankers for an en-bloc sales price of $291 million, with a 20 percent upfront payment to DryShips.