DryShips Inc. Announces Agreement to Acquire Two Vessels
(WorldNews Greece)

DRYSHIPS INC. ANNOUNCES AGREEMENT TO ACQUIRE TWO VESSELS May 29, 2018, Athens, Greece. DryShips Inc. (NASDAQ:DRYS)("DryShips"or the"Company"), a diversifiedowner and operator of ocean going cargo vessels, today announced that it has agreed to acquire one 2013-built Newcastlemax drybulk carrier and one 2017-built Suezmax tanker, each constructed in China. The vessels will be acquired from entities that may be deemed to be affiliates of Mr. George Economou, theCompany`sChairman and Chief Executive Officer, for an aggregate purchase price of $93.8 million, includingthe associated bank debt of $50.3 million. The transaction remains subject to documentation and customary...