DryShips has secured a new $150m credit line to help pay for the New York-listed shipowner's very large gas carrier orderbook.
The move is the latest in a months'-long fundraising drive by the George Economou-led company and marks its first bank financing since 2014.
Dutch bank ABN Amro and the Export Import Bank of Korea (Kexim) are providing the senior secured credit facility to partially finance the company's four VLGCs on order at Hyundai Heavy Industries.
