Tuesday, August 20, 2019
bulk carrier sunset
Maritime News

DryShips Agrees to Buyout Offer from Chairman and CEO

NASDAQ-listed shipowner DryShips has entered into a definitive agreement to sell all outstanding shares of the company to a holding company controlled by DryShips’ Chairman and Chief Executive Officer, George...

August 20, 2019
Total Views: 2

Monday, March 27, 2017
Maritime News

DryShips Continues to Diversify with Purchase of Four Newcastlemax Bulk Carriers

DryShips Inc. (NASDAQ: DRYS) announced Monday that it has entered into agreements to acquire four modern Newcastlemax bulk carriers as the company continues to diversify its fleet. The agreements were...

March 27, 2017
Total Views: 7

Tuesday, February 21, 2017
oil tanker
News

DryShips Re-Enters Tanker Market

George Economou’s DryShips on Tuesday announced plans re-enter the tanker market with the acuisition of a VLCC and Aframax from two unrelated third parties.   The vessels named DryShips has...

February 21, 2017
Total Views: 2

Friday, January 20, 2017
News

Shares of DryShips Fall with Reverse Stock Split Announcement

Shares of stock in Dryships, Inc. (NASDAQ: DRYS) were trading just over $1 on Friday, down more than 70% since the beginning of the year, after the company announced an...

January 20, 2017
Total Views: 15

Friday, January 6, 2017
News

DryShips Expands Into Gas Carrier Market With Option to Purchase Four VLGCs

Athens-based drybulk shipowner DryShips announced Friday it has entered into a “zero cost” agreement with companies controlled by its Chairman and CEO George Economou to purchase up to four high-specification...

January 6, 2017
Total Views: 1

Thursday, November 17, 2016
Maritime News

DryShips Unable to Explain 1500% Stock Price Surge

DryShips on Thursday said it has raised $20 million through a registered direct offering but otherwise cannot explain the meteoric rise in the price of its stock since Donald Trump...

November 17, 2016
Total Views: 42

Monday, June 6, 2016
Maritime News

DryShips’ Future in Doubt in Prolonged Downturn

June 6 (Reuters) – Dry bulk shipper DryShips Inc raised “substantial doubt” about its ability to stay in business after it defaulted on three bank facilities, hit by a prolonged...

June 6, 2016
Total Views: 8

Tuesday, April 5, 2016
ocean rig sete brasil drillships samsung heavy industries shipyard shipbuilding
Maritime News

DryShips Sells Three Vessels and Ocean Rig Shares To Reduce Debt Burden

DryShips, which owns dry bulk carriers and offshore support vessels, announced that it sold three of its vessels along with the associated bank debt to entities controlled by the company’s...

April 5, 2016
Total Views: 11

Thursday, September 10, 2015
Maritime News

DryShips Sells 17 Vessels for Huge Loss

  Athens-based dry bulk shipping company DryShips, Inc. announced Monday agreements to sell 17 vessels and says its remaining fleet is now held for sale, which will lead to impairment...

September 10, 2015
Total Views: 2

Wednesday, September 3, 2014
rongsheng heavy industries shipyard shipbuilding
Maritime News

Dryships Cancels Newbuild Orders at Rongsheng

NASDAQ-listed DryShips Inc. (DRYS) says it has pulled the trigger on the cancellation of newbuilding contracts for four four ice-class panamax bulker vessels with Jiangsu Rongsheng Heavy Industries in China.

September 3, 2014
Total Views: 0

Wednesday, May 22, 2013
Uncategorized

DryShips Posts Another Loss

DryShips has posted its sixth straight quarterly loss and says it does not expect charter rates to improve this year.

May 22, 2013
Total Views: 0

Wednesday, March 6, 2013
Uncategorized

DryShips Loss Widens

March 6 (Reuters) – DryShips Inc reported a bigger-than-expected quarterly loss as voyage revenue in its drybulk carriers business fell. Shares of DryShips, considered to be a bellwether stock for...

March 6, 2013
Total Views: 0

Monday, January 14, 2013
dryships
finance

Dryships Takes $21 Million Thumping to Get out of Suezmax Newbuild Contracts

ATHENS – DryShips Inc. (NASDAQ: DRYS) announced today the sale, via novation, of two of its 158,000 DWT suezmax dry bulk carriers, the Esperona and Blanca, which are under construction at Samsung...

January 14, 2013
Total Views: 0

Thursday, August 16, 2012
mv sonoma dryships
finance

Stake in Ocean Rig Supports Revenue Gain at Dryships, Losses Narrow

DryShips Inc.’s (DRYS) second-quarter loss narrowed as revenue improved and vessel-impairment expenses weighed on year-ago results. However, shares fell 4.8% to $2.20 after hours as results missed analyst expectations. Last...

August 16, 2012
Total Views: 0

Friday, April 13, 2012
Ocean Rig Drillship Poseidon
News

DryShips Takes Profit from Ocean Rig, Sells 10 Million Shares

DryShips Inc. (DRYS) unveiled a bigger-sized sale of its stake in Ocean Rig UDW Inc. (ORIG) as the dry bulk shipper pares its stake in the offshore drilling services provider by...

April 13, 2012
Total Views: 6

Wednesday, August 31, 2011
Ocean Rig Corcovado Dryships drillship drilship
finance

DryShips Swings to 2Q Loss; Stock down 42% this year

Image courtesy Samsung Heavy Industries (Dow Jones) DryShips Inc.’s (DRYS) swung to a sharp loss in its fiscal second-quarter as write-downs from the sale of several ships and higher interest-rate...

August 31, 2011
Total Views: 0

Friday, June 24, 2011
Engineering News

UPDATE: Dryships excersises option for seventh ultra-deepwater drillship

Ocean Rig’s ultra deepwater drillship OCEAN RIG OLYMPIA DryShips Inc. has announced that its subsidiary, Ocean Rig UDW Inc., has exercised its third newbuilding option to construct a 7th Generation...

June 24, 2011
Total Views: 2

Saturday, June 18, 2011
dryships logo
finance

Don’t Dock DryShips

DryShips (DRYS: Nasdaq) By Sterne, Agee & Leach ($3.83, June 17, 2011) We are upgrading DryShips from Neutral to Buy ahead of an ocean rig listing in the U.S. We...

June 18, 2011
Total Views: 1