Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

b51c8c72fde5f54355e362d266ab81b0

Dryships in one-year charter for newcastlemax newbuild

Dryships has chartered on of its 206,000 dwt newcastlemax newbuild bulkers for one year.

The Nasdaq listed shipowner said the vessel had been chartered for one-year to an undisclosed major grain house. The company said it expected gross revenues of $7.1m from the charter that starts at the end of April.

“We are very pleased to have employed one of our newly acquired vessels upon its delivery, at a gross charter rate, which will be highly accretive to the company’s earnings and will provide visible cash flow,” said George Economou, chairman and ceo of Dryships.

“We continue to execute our strategy to restore the company’s earnings capacity, taking advantage of the positive developments in the dry bulk market.”

Dryships has four newcastlemax newbuildings to be delivered in Q2 this year.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish
Maritime_Market_User_Promo_4
Looking For Suppliers?

Maritime Market is the online marketplace for the global maritime industry, making it easy to connect with suppliers 365 days a year. Powered by an extensive database of maritime professionals and businesses.

Maritime_Market_User_Promo_4