Yes trucker... New 6-K last night shows another positive, and written as if to speak to the Shareholders (SH!!tholders) who invested their funds to build this company to where it stands today...
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May 24, 2017, Athens, Greece. DryShips Inc. (NASDAQ:DRYS), or DryShips or the Company, a diversified owner of ocean going cargo vessels, announced today that on May 19, 2017, it has taken delivery of the previously announced 159,855 deadweight tons newbuilding Suezmax tanker.
The vessel was chartered back to the seller and on May 24, 2017, commenced its five year time charter plus optional periods in charterer's option, at a base rate plus profit share. The total expected gross backlog under the time charter, assuming an average spot market for Suezmaxes for the next 5 years of $25,000 per day is estimated to be approximately $43.1 million.
Mr. Anthony Kandylidis, President and Chief Financial Officer, commented:
"We are very pleased to have successfully taken delivery of our sixth newly acquired vessel and to commence a time charter that is expected to provide stable and visible long term cash flow, while maintaining upside to the spot market."
