First VLGC Joins DryShips’ Fleet

Greece-based owner of dry bulk carriers DryShips has taken delivery of the previously acquired very large gas carrier (VLGC) newbuilding. 

The ship, built at South Korean shipyard Hyundai Heavy Industries (HHI) will be employed under a time charter on a fixed rate with five years firm duration to an unnamed oil major, the company said.

As informed, the charterer has options to extend the firm employment period by up to three years.

DryShips expects a total gross backlog associated with this time charter of up to USD 92.7 million, including the optional periods.

The purchase is a part of a “zero cost” option agreement which DryShips inked in January to purchase up to four high specifications VLGCs capable of carrying liquefied petroleum gas (LPG).

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 2017.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >