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Stock Market & Financial Investment News

News Breaks
January 4, 2011
05:38 EDTDRYSDryShips signs two drilling contracts for Ocean Rig Corcovado, Leiv Eiriksson
DryShips announced that its subsidiary Ocean Rig UDW Inc. has entered into firm contracts with Cairn Energy PLC for the "Leiv Eiriksson" and the "Ocean Rig Corcovado" for a period of approximately 6 months each. The total contract value including mobilization for the "Leiv Eiriksson" is approximately $95M. The mobilization period will start in direct continuation from the agreed release date from Petrobras. The total contract value including mobilization and winterization of the "Ocean Rig Corcovado" is approximately $142M. Following the signing of these contracts the company is only left with one open drillship, the Ocean Rig Mykonos, that delivers in Q4 of 2011.
News For DRYS From The Last 14 Days
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July 22, 2015
09:14 EDTDRYSDryShips to write-off $16.5M in overdue receivables
DryShips announced the agreement with one of its charterers to write-off about $16.5M in overdue receivables related to charter hire payments due on 11 vessels on time charter. As part of the transaction, the charterer has agreed to forgo the exercise of certain "in-the-money" purchase options related to 7 vessels on time charter and provide new charters for 11 vessels at $12,500/day gross with 50-50 profit sharing starting as of June 1 and for an average period of about 4.5 years.

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