DryShips Employs Second VLGC Newbuilding

DryShips

The second newbuilding very large gas carrier (VLGC) has joined DryShips’ fleet, the Greek shipowner said.

The VLGC will be employed under a time charter on a fixed rate with five years firm duration to an unnamed oil major.

The charterer has options to extend the firm employment period by up to three years. DryShips expects a total gross backlog from the time charter to reach USD 92.7 million including the optional periods.

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