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BRIEF-Dryships exercises first option to acquire a carrier for $83.5 mln
January 9, 2017 / 2:35 PM / a year ago

BRIEF-Dryships exercises first option to acquire a carrier for $83.5 mln

Jan 9 (Reuters) - Dryships Inc

* Dryships exercises first option to acquire a Very Large Gas Carrier with a 5 year time charter attached to an oil major

* Purchase price of $83.5 million

* Company expects total gross backlog associated with this time charter to be $54.0 million

* Expects to take delivery of vessel in June 2017

* “Acquisition allows us to deploy company’s available liquidity immediately and will be highly accretive to earnings and cash flow” Source text for Eikon: Further company coverage:

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