Capital Link Shipping Weekly Market Report, Monday 17th April 2017, Week 16
DryShips Inc. Announces 2nd Consecutive Common Stock Dividend for the Quarter Ended March 31, 2017
DryShips Inc. (NASDAQ: DRYS) (the “Company” or “DryShips”), a diversified owner of ocean going cargo vessels, announced today that its Board of Directors has declared a quarterly cash dividend with respect to the quarter ended March 31, 2017, under the previously announced new dividend policy. Under this policy, the Company will pay a regular fixed quarterly dividend of $2.5 million to the holders of common stock.
TEN ANNOUNCES DELIVERY AND CHARTER OF AFRAMAX TANKER SOLA TS AND INITIATION OF STRATEGIC RELATIONSHIP WITH LARGE END USER
TEN Ltd (“TEN”) (NYSE: TNP), a leading diversified crude, product and LNG tanker operator, today announced the delivery of Sola TS, the sixth in a series of nine aframax tankers from Daewoo Mangalia Heavy Industries built on long term contracts to Norway’s Statoil. In addition, the Company announced the initiation of a new strategic alliance with a major US oil company for the chartering of a series of crude tankers, primarily VLCCs and suezmaxes, for periods of up-to three years.