DryShips seals time charter for newcastlemax

DryShips seals time charter for newcastlemax

George Economou’s DryShips has fixed one of its newcasltemax bulkers on a one-year time charter with a major coal and steel trader.

DryShips says the contract will commence upon delivery of the vessel, expected in July 2017, at a gross rate linked to the Baltic Capesize Index (5 T/C route) plus 20%.

The latest charter means all four newcastlemaxes acquired by DryShips in March have been fixed. DryShips paid a total of $124m for the four Chinese 206,000 dwt bulkers.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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