DryShips Bolsters Fleet with Kamsarmax Newbuilding

Illustration; Image Courtesy: Diana Shipping

Greek shipowner DryShips has taken delivery of its tenth ship so far this year, a 81,300 deadweight tons newbuilding re-sale Kamsarmax drybulk carrier.

The newbuilding delivery pushed the company’s Kamsarmax fleet to five ships, which also include four second-hand vessels delivered in the second quarter of 2017.

The company inked a deal in April to purchase three Kamsarmax drybulk carriers built in 2014 for USD 68 million. At the time of the announcement, DryShips said it would be using cash on hand to finance the purchase.

Another 2014-built 82,129 DWT Kamsarmax drybulk carrier was bought in April for approximately USD 24 million using cash on hand.

As informed, the latest fleet addition will be employed in the spot market.

Once all deliveries are completed, the company’s fleet will be comprised of 46 vessels, including 22 bulkers, 6 offshore support vessels, comprising 2 platform supply and 4 oil spill recovery vessels, four very large gas carriers, three tankers, and one VLCC.

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