Greek shipping company DryShips, announced that it has taken delivery of its fourth high specification very large gas carrier (“VLGC”) newbuilding.
The VLGC will be operated under an agreed rate time charter with ten years firm duration to an oil major trading company. DryShips expects a total gross backlog associated with this time charter of up to $103.8 million.
DryShips has now taken delivery of all of the 17 vessels it has acquired since the beginning of 2017.
Last year, the company formed a ‘zero cost’ option agreement to acquire to four VLGCs, which would be built at South Korean shipyard Hyundai Heavy Industries, after they were bought for $83.5 million per unit.
