BUDDY CALLED ME ON THIS TOLD ME TO GET IN.SO IM IN.RUMOR IS THEY GOT SOMETHING COMING OUT SOON.
Opinions on DryShips Inc. and Excel Maritime Carriers Ltd. - Shipping Industry Sputtering May 12, 2011 (Marketwire) --
JOHANNESBURG, SOUTH AFRICA -- (Marketwire) -- 05/12/11 -- www.stockcall.com/ offers investors comprehensive research on the Shipping industry and has completed analytical research on DryShips Inc. (NASDAQ: DRYS) and Excel Maritime Carriers Ltd. (NYSE: EXM). Register with us today at www.stockcall.com/ to have free access to these researches.
A rebounding global economy is helping the shipping industry but it appears it still has ways to go. High fuel prices, a fluctuating freight market and a glut of ships is currently hindering growth for the industry. Register now at https://stockcall.com/development/stockcall/page.php?name=register.html to have free access to our reports on the Shipping industry.
Shipping rates have also declined in 2011, hurting revenues of many shippers. However, some companies like Dryships Inc. locked in rates with charters and are not being affected as much by down shipping rates. When the rates are no longer locked in, the company could see a drop in revenue. Investors looking for free research on DryShips Inc. are welcome to sign up at www.stockcall.com/DRYS120511.pdf.
The Baltic Dry index, an economic indicator for sea shipping, fell 18% in April. The index has been volatile for the past year partially explaining the sharp drops in quarterly revenue some companies have been reporting. Excel Maritime Carriers Ltd. saw total quarterly revenue of approximately $98.1 million compared to $172.2 million in the same quarter last year. Investors looking for free research on Excel Maritime Carriers Ltd. are welcome to sign up at www.stockcall.com/EXM120511.pdf.
Moving forward, there appear to be too many factors currently working against the industry to be optimistic. However, a combination of lower fuel costs, higher shipping rates and increased demand could get the industry moving in the right direction again.
Visit www.stockcall.com/ to see how companies in this industry have grown over the past years and how they are expected to perform in the future.
About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines.
Contact Person: William T. Knight firstname.lastname@example.org
Shipping Stocks Struggle for Direction The Bedford Report Provides Analyst Research on DryShips
Eagle Bulk Shipping
May 24, 2011 (Marketwire) --
NEW YORK, NY -- (Marketwire) -- 05/24/11 -- A rebounding global economy has prevented catastrophe for many dry bulk shippers as maritime ships remain the most economical way to transport goods overseas. The shipping sector's recovery remains fragile, however, as surging fuel prices, a fluctuating freight market and a glut of ships continues to hurt growth for the industry. The Bedford Report examines the outlook for companies in the Shipping Industry and provides research reports on DryShips, Inc. (NASDAQ: DRYS) and Eagle Bulk Shipping, Inc. (NASDAQ: EGLE). Access to the full company reports can be found at:
The bulk and tanker sectors of the shipping industry have been extremely volatile this year as freight rates remain under pressure based on too many available ships and not enough demand to match supply. Analysts say they expect more than 100 carriers with a deadweight tonne (dwt) of at least 230,000 to enter the market by 2014, reflecting around 10 percent of all new vessel orders. Reuters reports that Analysts on average believe "Capesize" bulk carriers, which so far were the biggest class of dry freight carriers with a typical dwt of 150,000, were expected to struggle most with the influx of new ships, while the smaller "Panamaxes" and "Supramaxes" were expected to be under less pressure because they are more versatile in their routes.
The Bedford Report releases regular market updates on the Semiconductor Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
DryShips has been trying to build a deepwater oil-drilling business to help alleviate some of its dry bulk struggles. In the first quarter, the company's drilling-contract segment posted a 36 percent increase in revenue, continuing a trend from the last two quarters of 2010. In the company's earnings report DryShips said, "During the next few months we plan to take active steps to monetize DryShips' most prized asset, its shares of Ocean Rig common stock, through a public listing in the US."
Earlier this month Eagle Bulk Shipping reported a net loss of $5.8 million, or 9 cents a share for the first quarter of 2011. The quarterly loss reflects an allowance for a bad debt expense of $6.6 million due to the bankruptcy filing of one the company's charterers, Korea Line.
The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer
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Contact: The Bedford Report Email Contact
Source: Marketwire (May 24, 2011 - 8:16 AM EDT)
News by QuoteMedia
Pankaj Khanna, Chief Operating Officer of DryShips Inc. in an Interview Discussing the Company Outlook May 24, 2011 (Marketwire) --
NEW YORK, NY -- (Marketwire) -- 05/24/11 -- Pankaj Khanna, Chief Operating Officer of DryShips Inc. (NASDAQ: DRYS), was interviewed by Barry Parker of Capital Link Shipping. The interview focused on the DryShips strategy for its three business segments, Drybulk, Tankers and UDW Drilling, and the sectors' outlook.
The interview is featured both as an audio file and as a transcript on www.CapitalLinkShipping.com under "Interviews" and you can also access it by clicking on the link below, or by copying and pasting it on your browser:
About DryShips DryShips Inc., based in Greece, is an owner of drybulk carriers and tankers that operate worldwide. Through its majority owned subsidiary, Ocean Rig UDW, Inc., DryShips owns and operates 8 offshore ultra deepwater drilling units, comprising of 2 ultra deepwater semisubmersible drilling rigs and 6 ultra deepwater drillships, 4 of which remain to be delivered to the company during 2011 and 2013. DryShips owns a fleet of 39 drybulk carriers (including newbuildings), comprising 9 Capesize, 28 Panamax and 2 Supramax, with a combined deadweight tonnage of over 3.4 million tons, and 12 tankers (including newbuildings), comprising 6 Suezmax and 6 Aframax, with a combined deadweight tonnage of over 1.6 million tons. DryShips's common stock is listed on the NASDAQ Global Select Market where it trades under the symbol "DRYS." Visit the Company's website at www.dryships.com.
Abour Barry Parker Barry Parker is a financial writer and analyst. His articles appear in a number of prominent maritime periodicals including Lloyds List, Fairplay, Seatrade, and Maritime Executive and Capital Link Shipping.
About Capital Link Shipping Capital Link Shipping is a web based resource whose objective is to facilitate investor knowledge and understanding of shipping and its listed companies, and to facilitate the exchange of information among listed companies, industry participants and investors. The site provides information on the major shipping and stock market indices, as well as on all shipping stocks. It also features industry reports from major industry participants and interviews with CEOs, analysts and other market participants.
The information on the website is not an offer to buy or sell any kind of securities nor does it constitute investment advice of any kind. Capital Link does not represent or warrant the accuracy of the information in this site. The user of the site acknowledges that he/she accesses the information at his/her own risk and cannot hold Capital Link liable for any matter in any way and will use the website in accordance with the Terms and Conditions specified on the website.
The website is operated by Capital Link, a New York based Investor Relations and Financial Communications firm with a strategic focus on shipping. Capital Link provides Investor Relations and Financial Communications services to several listed shipping companies including DryShips Inc.
For more information, please contact: Nicolas Bornozis Capital Link, Inc. Tel. 212-661-7566 E-mail: email@example.com www.CapitalLinkShipping.com
Source: Marketwire (May 24, 2011 - 9:28 AM EDT)
friend of mine told me about this a few weeks ago. been sitting on the watchlist along with some of its competition. looks like it got the kick it needed to make some moves into the green
DryShips Inc. Announces Increased Backlog for Ocean Rig UDW Inc. May 19, 2011 (Marketwire) --
ATHENS, GREECE -- (Marketwire) -- 05/19/11 -- DryShips Inc. (NASDAQ: DRYS) (the "Company" or "DryShips"), a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services, announced today that Ocean Rig UDW Inc., its majority owned subsidiary, has secured further backlog, as Borders & Southern plc have declared two optional wells under the existing drilling contract for the harsh environment drilling rig Leiv Eiriksson. The two optional wells have been assigned to Falkland Oil and Gas (FOGL) and provide an additional contract duration of approximately 90 days. The total contract value is now USD 126 million.
Mr. George Economou, Chairman and CEO of Ocean Rig UDW Inc., commented:
"We are pleased to announce the option declaration for the Leiv Eiriksson with Borders & Southern plc. The previously announced rig swap on this contract is a win-win solution for the customer and the Company as demonstrated by the declaration of the options. We continue to work on enhancing the backlog for Ocean Rig."
About DryShips DryShips Inc., based in Greece, is an owner of drybulk carriers and tankers that operate worldwide. Through its majority owned subsidiary, Ocean Rig UDW, Inc., DryShips owns and operates 8 offshore ultra deepwater drilling units, comprising of 2 ultra deepwater semisubmersible drilling rigs and 6 ultra deepwater drillships, 4 of which remain be delivered to the company during 2011 and 2013. As of the day of this release, DryShips owns a fleet of 39 drybulk carriers (including newbuildings), comprising 9 Capesize, 28 Panamax and 2 Supramax, with a combined deadweight tonnage of over 3.4 million tons, and 12 tankers (including newbuildings), comprising 6 Suezmax and 6 Aframax, with a combined deadweight tonnage of over 1.6 million tons.
DryShips's common stock is listed on the NASDAQ Global Select Market where it trades under the symbol "DRYS."
Forward-Looking Statement Matters discussed in this release may constitute forward-looking statements. The U.S. Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation.
Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The words "believe," "intend," "anticipate," "estimate," "project," "forecast," "plan," "potential," "may," "should," "expect" and similar expressions identify forward-looking statements.
The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.
Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including changes in charterhire and drilling dayrates and drybulk vessel, drilling rig and drillship values, failure of a seller to deliver one or more drilling rigs, drillships or drybulk vessels, failure of a buyer to accept delivery of a drilling rig, drillship, or vessel, inability to procure acquisition financing, default by one or more charterers of our ships, changes in demand for drybulk commodities or oil, changes in demand that may affect attitudes of time charterers and customer drilling programs, scheduled and unscheduled drydockings and upgrades, changes in our operating expenses, including bunker prices, dry-docking and insurance costs, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents and political events or acts by terrorists.
Risks and uncertainties are further described in reports filed by DryShips with the U.S. Securities and Exchange Commission.
Contact: Investor Relations / Media: Nicolas Bornozis Capital Link, Inc. (New York) Tel. 212-661-7566 E-mail: firstname.lastname@example.org
US HOT STOCKS: Newell Rubbermaid, American Tower, Diamond Foods 8 minutes ago - DJNF
U.S. stocks traded lower Friday as the Dow Jones Industrial Average fell 96 points to 12153, the Standard & Poor's 500 lost 11 points to 1302 and the Nasdaq Composite declined 23 points to 2751. Among the companies whose shares are actively trading in the session are Newell Rubbermaid Inc. (NWL), American Tower Corp. (AMT) and Diamond Foods Inc. (DMND).
Newell Rubbermaid ($15.00, -$1.97, -11.61%) cut its full-year forecast, citing disappointing economic conditions and weak consumer spending trends in the U.S. market.
American Tower ($51.89, -$2.49, -4.57%) received a subpoena from the U.S. Securities and Exchange Commission related to the company's tax accounting and reporting. The cell-tower operator said it will cooperate fully with the SEC's request for certain documents from 2007 through the present.
Diamond Foods ($69.85, -$1.50, -2.10%) swung to a fiscal third-quarter profit following heavier takeover costs in the year-earlier period. The adjusted bottom line beat the packaged-food company's projections thanks to better sales and margins. But the company gave a disappointing profit outlook for the current quarter.
Quiksilver Inc. (ZQK, $4.81, +$0.43, +9.82%) swung to a fiscal second-quarter loss, weighed down by asset-impairment charges and a bigger income-tax provision, though the outdoor sports outfitter posted higher revenue for the first time in three years. The results topped the retailer's own outlook.
Cascade Corp.'s (CASC, $46.87, +$7.92, +20.33%) fiscal first-quarter profit almost tripled as shipments to its main Americas market surged amid improving economic conditions. Results easily topped Wall Street expectations.
Other Stocks In Focus:
An entity controlled by Acorn International Inc.'s (ATV, $5.43, +$0.95, +21.21%), chief executive and a company co-founder's wife unveiled a tender offer to buy up to 20 million shares of the China-based marketing company at $6 per share, a 34% premium to the company's Thursday close.
Air Methods Corp. (AIRM, $68.41, +$8.25, +13.71%) agreed to acquire the parent company of Omniflight Helicopters Inc. for $200 million in cash, as the air-medical transportation company looks to expand its geographical reach.
Basic Energy Services Inc. (BAS, $26.49, +$0.53, +2.04%) signed a letter of intent to buy the Maverick companies, a group of oil-and-gas services firms focused in the Rocky Mountain region, for $180 million.
Blyth Inc. (BTH, $38.07, -$6.61, -14.79%), which designs and markets home fragrance and home decor, cut its fiscal 2012 earnings outlook, citing continued weakness in consumer discretionary spending exacerbated by increased gasoline and food prices, which may result in continued sales softness.
Cooper Cos.' (COO, $74.12, +$1.43, +1.97%) fiscal second-quarter results beat expectations, while the health-care products company's bottom line surged more than sevenfold from a prior-year period weighed by heavy charges. The company--a maker of contact lenses, diagnostic products and surgical instruments--also boosted its full-year outlook again.
After losing nearly half its value the past six months, DryShips Inc. (DRYS, $4.15, +$0.32, +8.36%) was updgraded by Goldman Sachs to buy "as we see a positive risk/reward ahead of the upcoming listing" of its Ocean Rig unit in the U.S. this summer. Goldman calls DryShips' valuation "attractive," says the drillship business is "likely underestimated" and that DRYS has sufficient liquidity. Meanwhile, Goldman downgraded Diana Shipping Inc. (DSX, $11.17, -$0.18, -1.59%) to neutral "as we reduce our bulker rate forecasts while the stock has outperformed bulker peers."
(MORE TO FOLLOW) Dow Jones Newswires 06-03-11 1025ET Copyright (c) 2011 Dow Jones & Company, Inc.
8:07 (Dow Jones) After losing nearly half its value the past six months, Goldman Sachs upgrades Dryships (DRYS) to buy "as we see a positive risk/reward ahead of the upcoming listing" of its Ocean Rig unit in the US this summer. Goldman calls DRYS' valuation "attractive," says the drillship business is "likely underestimated" and that DRYS has sufficient liquidity. Meanwhile, Goldman downgrades Diana Shipping (DSX) to neutral "as we reduce our bulker rate forecasts while the stock has outperformed bulker peers." DRYS, down 30% this year, rises 8.6% premarket to $4.16 while DSX slides 1% to $11.24. (email@example.com) Call us at (212) 416-2354 or email firstname.lastname@example.org
(END) Dow Jones Newswires 06-03-11 0807ET Copyright (c) 2011 Dow Jones & Company, Inc.