George Economou’s DryShips has continued its buying spree with the declaration of another option on a very large gas carrier (VLGC).
The Nasdaq-listed company will acquire a vessel currently under construction at Hyundai Heavy Industries (HHI) for $83.5m.
This marks Economou’s second move in the VLGC sector, following his entry into this market in early January.
The vessel comes attached to a five-year time charter, with options of up to three additional years.
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