DryShips Inc. Announces Acquisition of one Modern Kamsarmax Drybulk Carrier and Delivery of its Newbuilding Aframax Tanker
(WorldNews Greece)

DRYSHIPS INC. ANNOUNCES ACQUISITION OF ONE MODERN KAMSARMAX DRYBULK CARRIER AND DELIVERY OF ITS NEWBUILDING AFRAMAX TANKER ATHENS, GREECE - April 28, 2017 - DryShips Inc. (NASDAQ: DRYS) (the "Company" or "DryShips"), a diversified owner of ocean going cargo vessels, announced today that: On April 27, 2017, has entered into an agreement with an unaffiliated third party to acquire one 82,129 DWT Kamsarmax drybulk carrier built in 2014. The Company will finance the total gross purchase price of approximately $24 million using cash on hand and expects to take delivery of this vessel during the second quarter of 2017. On April 27, 2017, has taken delivery from the yard of the...