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News Breaks | | | | January 14, 2013 | | 09:15 EDT |  | DRYS | DryShips sells two tanker ships for $21.4M
DryShips, through its majority owned subsidiary, Ocean Rig UDW, announced the sale, via novation, of two of its tankers under construction at Samsung Heavy Industries, Esperona and Blanca, to a third-party buyer. Under the terms of the two novation agreements dated December 27, 2012, the buyer assumes all rights, benefits, liabilities and obligations under both shipbuilding contracts, in exchange for cash consideration of $21.4M, or $10.7M for each vessel paid by the company to the Buyer. As a result of this transaction, Dryships is released from all its obligations under under the shipbuilding contracts, both as the contracting party and as a guarantor. George Economou, CEO of the company, commented, "As we have stated recently, the reduction or elimination of CAPEX has become a top priority for the Company. With the sale of these vessels, Dryships has reduced its CAPEX by approx. $101M, after taking into consideration the payment of $21.4M to the Buyer of the vessels." | |
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News For DRYS From The Last 14 Days Check below for free stories on DRYS the last two weeks. |
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| May 22, 2013 | | 18:52 EDT | | DRYS | On The Fly: After Hours Movers
UP AFTER EARNINGS: Hewlett-Packard (HPQ), up 13.4% after reporting second quarter earnings that beat expectations and guiding third quarter and full-year earnings above estimates... Pacific Sunwear (PSUN), up 14.3%. ALSO HIGHER: Merck (MRK), up 0.2% after an FDA advisory panel voted 13-3 in support of the safety of initial doses of its insomnia drug suvorexant. DOWN AFTER EARNINGS: DryShips (DRYS), down 4.7%. ALSO LOWER: Apricus Biosciences (APRI), down 11.5% after filing to sell an ungiven amount of stock... NCI Building Systems (NCS) after being replaced by Cynosure (CYNO) in the S&P 600 as of May 31. | | | 16:08 EDT |  | DRYS | DryShips reports Q1 adjusted EPS (10c), consensus (10c)
 Subscribe for More Information | | | 15:33 EDT |  | DRYS | DryShips June 2 straddle priced for 22% movement into Q1
Subscribe for More Information | | | 05:43 EDT | | DRYS | Stocks with implied volatility movement; CTSH DRYS
Subscribe for More Information | | | May 21, 2013 | | 06:41 EDT | | DRYS | DryShips volatility elevated into Q1 and outlook
Subscribe for More Information | | | May 16, 2013 | | 11:19 EDT | | DRYS | High option volume stocks: NM WWAV COCO DRYS LUV
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