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DryShips updates on VLGC delivery

Published 06/28/2017, 08:55 AM
© Reuters.  DryShips updates on VLGC delivery
DRYS
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  • DryShips (NASDAQ:DRYS) announces that it took delivery of the previously announced high specifications newbuilding VLGC (very large gas carrier).
  • The VLGC will be employed under a time charter on a fixed rate with five years firm duration to an oil major. The charterer has options to extend the firm employment period by up to three years.
  • The company expects a total gross backlog associated with this time charter of up to $92.7M including the optional periods.
  • Since the beginning of this year, DryShips has taken delivery of eleven vessels and expects to take delivery of six more by the end of the year.
  • DRYS -3.53% premarket to $2.46.
  • Source: Press Release
  • Now read: DryShips: Creating New Victims


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