Boston, MA 01/01/2014 (wallstreetpr) – An international provider of marine-transportation services for drybulk as well as petroleum cargoes, DryShips Inc. (NASDAQ:DRYS) announced that the company intends to restart the sales under its previously-announced $200M program of at the market-issuances of the company’s common shares via Evercore Group L.L.C. as its sales agent.
The offering to date
To date, DryShips Inc. (NASDAQ:DRYS) has issued 6,892,233 common-shares under this program which has resulted in gross-proceeds of $24.1M. This offering is being made via prospectus and its related prospectus supplement. A prospectus supplement that is related to this offering has also been filed as required with the Securities and Exchange Commission.
Tuesday’s trading
In Tuesday’s trading session there was a rise of 7.31% in DryShips Inc (NASDAQ:DRYS). The shares opened at $4.49, climbed to an intraday high of $4.73 and closed at $4.70. Close to 25.02M shares were traded in the Tuesday session and the average volume of 13.69M shares got traded over a period of 30 days. The 52-week low of DryShips Inc (NASDAQ:DRYS) shares is $1.61 while the 52-week high stands at $5.00. The company has a market capitalization of $1.90 billion.
About the company
DryShips Inc (NASDAQ:DRYS) is an owner of numerous drybulk carriers as well as tankers that operate across the world. Via the company’s 100%- owned subsidiary, Ocean Rig UDW Inc., DryShips Inc (NASDAQ:DRYS) owns & operates 11 different offshore ultra deep-water drilling-units, which are made up of 2 ultra deep-water semi-submersible drilling-rigs and nine ultra deep-water drillships.
New drillships
One of these drillships is scheduled for delivery to DryShips Inc (NASDAQ:DRYS)in 2014 and 2 are scheduled for delivery in 2015. DryShips Inc (NASDAQ:DRYS) owns a fleet of 42 drybulk-carriers which are made up of 12-Capesize, 28 Panamax & two Supramax. These vessels have a combined-deadweight tonnage of approximately 4.4M tons.
