DryShips Inc. Announces Fourth Quarter 2013 Results Release Date, Conference Call and Webcast
February 14 2014 - 4:05PM
Marketwired
DryShips Inc. Announces Fourth Quarter 2013 Results Release Date,
Conference Call and Webcast
ATHENS, GREECE--(Marketwired - Feb 14, 2014) - Dryships
Inc. (NASDAQ: DRYS) (the "Company" or "DryShips"), a
global provider of marine transportation services for drybulk and
petroleum cargoes, and through its majority owned subsidiary, Ocean
Rig UDW Inc., of off-shore contract drilling oil services,
announced today that it will release its results for the fourth
quarter 2013 after the market closes in New York on Tuesday,
February 18, 2014.
DryShips' management team will host a conference call the
following day on Wednesday, February 19, 2014, at 9:00 a.m. EST to
discuss the Company's financial results.
Conference Call details: Participants should dial into the call
10 minutes before the scheduled time using the following numbers:
1(866) 819-7111 (from the US), 0(800) 953-0329 (from the UK)
or +(44) (0) 1452 542 301 (from outside the US). Please quote
"DryShips."
A replay of the conference call will be available until
Wednesday, February 26, 2014. The United States replay number is
1(866) 247-4222; from the UK 0(800) 953-1533; the standard
international replay number is (+44) (0) 1452 550 000 and the
access code required for the replay is: 2133051#.
Slides and audio webcast: There will also be a simultaneous live
webcast over the Internet, through the DryShips Inc. website
(www.dryships.com). Participants to the live webcast should
register on the website approximately 10 minutes prior to the start
of the webcast.
About DryShips Inc.
DryShips Inc. is an owner of drybulk carriers and tankers that
operate worldwide. Through its majority owned subsidiary, Ocean Rig
UDW Inc., DryShips owns and operates 11 offshore ultra deepwater
drilling units, comprising of 2 ultra deepwater semisubmersible
drilling rigs and 9 ultra deepwater drillships, 1 of which is
scheduled to be delivered to Ocean Rig during 2014 and 2 of which
is scheduled to be delivered during 2015. DryShips owns a
fleet of 42 drybulk carriers (including newbuildings), comprising
12 Capesize, 28 Panamax and 2 Supramax with a combined deadweight
tonnage of approximately 4.4 million tons, and 10 tankers,
comprising 4 Suezmax and 6 Aframax, with a combined deadweight
tonnage of over 1.3 million tons. DryShips' 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
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:
dryships@capitallink.com
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