March 27, 2017 / 1:05 PM / 4 months ago

BRIEF-Dryships Inc announces acquisition of four modern Newcastlemax vessels

1 Min Read

March 27 (Reuters) - Dryships Inc:

* Dryships Inc announces acquisition of four modern newcastlemax vessels

* Dryships Inc - company will finance total gross purchase price of approximately $124 million using cash on hand

* Dryships Inc - company expects to take delivery of vessels before end of June 2017

* Dryships Inc - two of vessels will be employed under time charter contracts, while other two will trade in spot market Source text for Eikon: Further company coverage:

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