Boston, MA 04\/09\/2014 (wallstreetpr) –\u00a0<\/b>Shares of DryShips Inc. (NASDAQ:DRYS)<\/b> are starting to make a comeback after a big fall due to the trouble in the shipping industry. Although the situation is still fluid, the company is making positive moves which should help it achieve a turnaround in the long run.<\/p>\n
As evident from the fourth quarter data, the company\u2019s revenue managed to grow at a compelling pace over the previous quarters. The company also showed its increasing control over operating expenses in the last reported quarter.<\/p>\n
Analysts anticipate that shipping industry will experience increase in spot rates starting this year. If this happens, DryShips will be there to share the benefits. Besides increase in shipping rates, demand for iron ore and coal in Australia, Brazil and China are expected to boost chartering activities, thus benefit DryShips and many other dry bulk shippers.<\/p>\n
The future is bright<\/b><\/p>\n
DryShips Inc. (NASDAQ:DRYS) can be seen working on various aspects of business to ensure that it generates value from the bullish shipping industry. The company is lowering its operating expenses and in the last reported quarter, it managed to reduce expenses by 4.8 percent, and there is room for more cuts. If expenses are curbed amid increasing revenue, the company will be able to improve its earnings and lift the stock price.<\/p>\n
The company is also likely to realize incremental revenue due to the improving operations at its subsidiary Ocean Rig. The subsidiary has not only been able to trim its loss, but its new investment activities in Brazil have the potential of significantly boosting revenue in the future.<\/b><\/p>\n
Efficient fleet<\/b><\/p>\n
The urbanization plans in China are expected to boost iron ore export to the country. More export activities are also expected to come from increasing demand for coal in Japan. Given the efficient fleet that DryShips Inc. (NASDAQ:DRYS) operates, the company is poised to benefit immensely from the increase in rates and dry bulk export activities.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 04\/09\/2014 (wallstreetpr) –\u00a0Shares of DryShips Inc. (NASDAQ:DRYS) are starting to make a comeback after a big fall due to the trouble in the […]<\/p>\n","protected":false},"author":32,"featured_media":19057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[3353,983],"stock_ticker":[],"class_list":["post-19056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-dryships-inc-nasdaqdrys","tag-nasdaqdrys","entry"],"acf":[],"yoast_head":"\n