DRYS » Topics » Fleet Profile

This excerpt taken from the DRYS 6-K filed Apr 25, 2006.

Fleet Profile

The table below provides an update of our fleet composition and its deployment:


* Where the Redelivery column is left blank it signifies that the vessel is trading in the spot market.   For those vessels where rates are quoted, the Company has calculated the estimated rates under current specific contracted voyages. The Company gives no guarantee that these rates are correct, or that the rates are sustainable beyond the duration of the current voyage. The quoted rates are not indications of future earnings and the Company gives no assurance or guarantee of future rates after the current voyage.

** Indicates vessels that are trading in the Baumarine Pool. Rates quoted refer to the vessels earnings as last reported, usually the previous month’s earnings.

*** The daily rate quoted for the m.v. Atacama extends until February/May 2007; thereafter the vessel has been fixed on a daily rate of $18,400 through February 2008.

About DryShips Inc.

DryShips Inc. owns and operates through its wholly owned subsidiaries a fleet of drybulk carriers that operate worldwide.  As of the date of this announcement, DryShips owns a fleet of 28 drybulk carriers consisting of 4 Capesize, 22 Panamax and 3 Handymax vessels, with a combined carrying capacity of approximately 2.3 million dwt. DryShips has also entered into an agreement to acquire one additional Panamax vessel. DryShips, which maintains its executive offices in Greece, is the second largest Panamax operator in the world.

DryShips Inc.'s common stock is listed on the NASDAQ National Market where it trades under the symbol "DRYS".

"Fleet Profile" elsewhere:

Euroseas (ESEA)
FreeSeas (FREE)
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