DryShips VLGC Commences Time Charter

DryShips Inc., an owner of ocean going cargo vessels, announced that on June 29, 2017, its first very large gas carrier (VLGC) commenced its time charter on a fixed rate with five years firm duration to an oil major.

 

The charterer has options to extend the firm employment period by up to three years.

 

DryShips said it expects a total gross backlog associated with this time charter of up to $92.7 million including the optional periods.