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DryShips Inc (DRYS.OQ)

DRYS.OQ on NASDAQ Stock Exchange Capital Market

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Latest Key Developments (Source: Significant Developments)

Gas Ships Ltd Files Form F-1 As Shareholder Of Dryships Inc
Wednesday, 7 Feb 2018 04:27pm EST 

Feb 7 (Reuters) - Dryships Inc ::GAS SHIPS LIMITED FILES FORM F-1 AS SHAREHOLDER OF DRYSHIPS INC IN CONNECTION WITH PLANNED PRO RATA DISTRIBUTION, OR THE SPIN-OFF - SEC FILING.GAS SHIPS LIMITED SAYS HAVE APPLIED TO LIST COMMON STOCK ON NASDAQ CAPITAL MARKET UNDER SYMBOL "DGAS".GAS SHIPS LTD SAYS FOLLOWING THE COMPLETION OF THE SPIN-OFF, DRYSHIPS WILL HOLD APPROXIMATELY 51 PERCENT OF GAS SHIPS OUTSTANDING COMMON STOCK.  Full Article

Dryships Authorizes Stock Repurchase Program
Wednesday, 7 Feb 2018 08:45am EST 

Feb 7 (Reuters) - Dryships Inc ::DRYSHIPS INC. ANNOUNCES DIVIDEND FOR THE QUARTER ENDED DECEMBER 31, 2017 AND AUTHORIZATION OF AN UP TO $50 MILLION STOCK REPURCHASE PROGRAM.DRYSHIPS - ‍BOARD AUTHORIZED STOCK REPURCHASE PROGRAM, UNDER WHICH CO MAY REPURCHASE UP TO $50 MILLION OF OUTSTANDING COMMON SHARES FOR 12 MONTHS​.DRYSHIPS INC - EXPECTS TO FINANCE STOCK PURCHASES WITH EXISTING CASH BALANCES.  Full Article

DryShips Announces Commencement Of Fourth Very Large Gas Carrier 10 Year Time Charter With Oil Major Trading Company
Thursday, 11 Jan 2018 08:45am EST 

Jan 11 (Reuters) - DryShips Inc ::DRYSHIPS INC. ANNOUNCES COMMENCEMENT OF ITS FOURTH VERY LARGE GAS CARRIER 10 YEAR TIME CHARTER WITH AN OIL MAJOR TRADING COMPANY.DRYSHIPS INC - ‍EXPECTS A TOTAL GROSS BACKLOG ASSOCIATED WITH TIME CHARTER OF UP TO $103.8 MILLION​.DRYSHIPS INC - COMPANY EXPECTS A TOTAL GROSS BACKLOG ASSOCIATED WITH THIS TIME CHARTER OF UP TO $103.8 MILLION.  Full Article

Dryships Inc Receives Firm Commitments For Two Senior Secured Credit Facilities Of Up To An Aggregate Of $125.0 Million
Wednesday, 27 Dec 2017 08:45am EST 

Dec 27 (Reuters) - Dryships Inc ::DRYSHIPS INC RECEIVES FIRM COMMITMENTS FOR TWO SENIOR SECURED CREDIT FACILITIES OF UP TO AN AGGREGATE OF $125.0 MILLION AND ANNOUNCES A VESSEL SALE.DRYSHIPS - SOLD 2001 BUILT PANAMAX VESSEL, ECOLA, TO UNAFFILIATED BUYER FOR $8.5 MILLION.DRYSHIPS - ‍FACILITIES TO BE SECURED BY CO'S 4 TANKER VESSELS & 2 KASMARMAX & 1 PANAMAX DRYBULK VESSELS & WILL HAVE TENOR OF 5 & 6 YEARS ​.  Full Article

DryShips announces commencement of its second very large gas carrier 5 year time charter with an oil major
Tuesday, 12 Sep 2017 08:45am EDT 

Sept 12 (Reuters) - DryShips Inc :DryShips Inc announces commencement of its second very large gas carrier 5 year time charter with an oil major.DryShips Inc - ‍expects a total gross backlog associated with very large gas carrier​ time charter of up to $92.7 million including optional periods.DryShips Inc - ‍charterer on the very large gas carrier​ has options to extend firm employment period by up to three years.  Full Article

Dryships Inc announces commencement of rights offering
Thursday, 31 Aug 2017 04:20pm EDT 

Sept 1 (Reuters) - Dryships Inc :Dryships Inc announces commencement of rights offering.Dryships inc - Rights offering of upto 36.4 million shares of common stock at a subscription price of $2.75 per share.  Full Article

DryShips Inc. Reports financial and operating results for the second quarter 2017
Wednesday, 30 Aug 2017 04:05pm EDT 

Aug 30 (Reuters) - DryShips Inc :DryShips Inc. Reports financial and operating results for the second quarter 2017.DryShips Inc qtrly voyage revenues $16.4 million versus $15.8 million.DryShips-Received subpoena from SEC requesting certain documents, information in connection with offerings made by co between June 2016 and July 2017​.DryShips Inc - as of August 30, 2017 book value of vessels, including advances was about$668.0 million or $9.84 per share.DryShips Inc - ‍ company is providing requested information to securities and exchange commission​.  Full Article

Dryships announces termination of the common stock purchase agreement with Kalani Investments
Friday, 11 Aug 2017 08:01am EDT 

Aug 11 (Reuters) - Dryships Inc :Dryships Inc. announces termination of the common stock purchase agreement with Kalani Investments Limited.Dryships Inc - ‍Company has agreed not to conduct any equity offerings until after December 31, 2017​.  Full Article

Dryships announces agreement to conduct a private placement and subsequent rights offering
Friday, 11 Aug 2017 08:00am EDT 

Aug 11 (Reuters) - Dryships Inc :Dryships Inc. announces agreement to conduct a private placement and subsequent rights offering.Dryships Inc - Deal for ‍$2.75 per share​.Deal for ‍$100 million​.Dryships Inc - Economou will not exercise his subscription rights in right offering outside of backstop commitment​.Dryships Inc - ‍Company will have right to cancel rights offering or amend terms thereof​.Dryships Inc - ‍Will sell company's common shares to entities affiliated with its chairman and chief executive officer, George Economou​.  Full Article

DryShips says court denies plaintiff's request for a preliminary injunction
Monday, 24 Jul 2017 08:45am EDT 

July 24 (Reuters) - DryShips Inc ::DryShips Inc - ‍high court of Marshall Islands has issued an order denying plaintiff Michael Sammons' motion for a preliminary injunction​.DryShips Inc - court has ordered that defendants answer, move against or otherwise respond to complaint by August 18, 2017.DryShips -‍preliminary injunction motion had sought to suspend any further issuances of new shares by co.DryShips - co, Economou intend to file motions to dismiss or other appropriate responses to complaint by August 18, 2017 deadline set by court.  Full Article

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Hedge funds hook shipping stocks grappling for recovery

LONDON Shipping stocks may still be in the doldrums in the view of many investors, but hedge funds have bet at least $675 million on signs of renewed buoyancy in the industry.