Second Kamsarmax Joins DryShips Fleet

Nasdaq Athens-based dry bulk shipowner DryShips has taken delivery of the previously announced 81,129 deadweight tons Kamsarmax drybulk carrier. The 2014-built vessel will be employed in the spot market, according to its new owner. In mid-April, the Greek owner entered into agreements with unaffiliated third parties to buy three Kamsarmax drybulk carriers, all of which were built in 2014. Under the deals, the 81,918 dwt Kamsarmax and the other two ships, featuring 81,129 dwt each, are expected to join their new owner during the second quarter of 2017. DryShips earlier said that it would finance the total gross purchase price of USD 68 million using cash on hand, which currently stands at USD 429 million. Since the beginning of this year, the company has taken delivery of five vessels and expects to take delivery of twelve more by the end of the year.