Dryships Inc. Announces Successful Delivery Of Its Fourth VLGC

DryShips Inc. (“DryShips” or the “Company”), a diversified owner of ocean going cargo vessels, announced today that it has taken delivery of its fourth high specification very large gas carrier (“VLGC”) newbuilding MONT GELE. The VLGC will be employed under a fixed rate time charter with ten years firm duration to an oil major trading company. The Company expects a total gross backlog associated with this time charter of up to $103.8 million.