DryShips Agreements with Nord LB, West LB

October 15, 2009

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced that it has signed agreements with Nord LB and West LB on waiver terms for $116m and $67m respectively of our outstanding debt.

George Economou, Chairman and Chief Executive Officer, commented: "I am pleased to report another set of waivers from our banks who remain extremely supportive of DryShips. We are now left with $187.5 million of outstanding debt, where constructive discussions with the banks continue for waivers and we expect to have those concluded shortly."

(www.dryships.com)

Logistics News

Inch Cape Offshore Wind Farm O&M Base Starts Taking Shape in Scotland

Inch Cape Offshore Wind Farm O&M Base Starts Taking Shape in Scotland

Number of Transits Through Panama Canal Edged Down in August

Number of Transits Through Panama Canal Edged Down in August

NTSB Issues Safety Alert for Land-Based Firefighters After Multiple Deaths

NTSB Issues Safety Alert for Land-Based Firefighters After Multiple Deaths

DNV 2050 Forecast Points to New Fuel Supply Challenges

DNV 2050 Forecast Points to New Fuel Supply Challenges

Subscribe for Maritime Logistics Professional E‑News

Concerns about civil aviation in Europe are raised by the presence of Russian drones over Poland.
Poland restricts air travel along the eastern border
US ends electric vehicle carpool program