DryShips Inc. Announces Availability of 2013 Annual Report on Form 20-F
March 04 2014 - 4:05PM
Marketwired
DryShips Inc. Announces Availability of 2013 Annual Report on Form
20-F
ATHENS, GREECE--(Marketwired - Mar 4, 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, today
announced that its annual report on Form 20-F for the year ended
December 31, 2013 (the "Annual Report") has been filed with the
U.S. Securities and Exchange Commission. The Annual Report may also
be accessed through the DryShips website, www.dryships.com, at the
Investor Relations section under Quarterly and Annual Reports.
Shareholders may also request a hard copy of the Annual Report,
which includes the Company's complete 2013 audited financial
statements, free of charge by contacting Capital Link Inc., the
Company's investor relations advisor, using the contact details
provided below.
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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