Dryships in agreement for bulk carriers charters
mv LANZAROTE and mv LA JOLLA go for 7 months

DryShips, Inc., a global provider of marine
transportation services for drybulk cargoes, today announced that it has entered into the following charters for its vessels with unaffiliated third parties:

• Its 1996 built 73,008 dwt Panamax bulk carrier “M/V Lanzarote” has been placed on time charter for a period of between five and seven months at a daily rate of $43,750, commencing on April 30, 2007.

• Its 1997 built 72,126 dwt Panamax bulk carrier “M/V La Jolla” has been placed on time charter for a period of between five and seven months at a daily rate of $46,000, commencing on April 30, 2007.


Mr. George Economou, Chairman and CEO of DryShips Inc., commented:

“Our chartering strategy underpins our confidence in the positive fundamentals of the dry bulk
industry and the upside potential of the spot market. While we take advantage of the robust
freight rate environment, we generally focus on charters with duration of less than one year, a
strategy which positions our fleet to take full advantage of the continuing market strength. We
now have 54% of our fleet days in 2007 covered under short and medium term charters.”

Vessel Name Lanzarote
Built Hudong Shipyard
Year Built 1996
Flag Malta
Classification LR
IMO No 9147899
DWT 73,008 MT
GRT 40,483 RT
LOA 225 m
Beam 32.20 m
Draft 14.12 m
Products Bulk
Main Engine Man B&W 6S60MC
MCR 13,300 PS x 92 rpm
Double Hulled N
No. of Cargo Holds/Hatches 7 / 7
Grain Capacity 89,762.2 m3
Cargo Holds Coating Y
Deck Cranes/Derricks N
Ballast Tanks Epoxy coated Y

Vessel Name La Jolla
Built Hitachi Zosen-Ariake Works, Japan
Year Built 1997
Flag Malta
Classification NKK
IMO No 9145669
DWT 72,126 MT
GRT 37,707 RT
LOA 223.70 m
Beam 32.20 m
Draft 13.453 m
Products Bulk
Main Engine B&W
MCR 11,830 PS x 89.5 rpm
Double Hulled N
No. of Cargo Holds/Hatches 7 / 7
Grain Capacity 85,136 m3