DryShips Tops MicroStockProfit.com Watch List

DALLAS, July 25, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring DryShips Inc. DRYS. The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.

The full report is available at: www.microstockprofit.com/lp/DRYS

DryShips Inc. (DRYS) is a Greece-based global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services. Through its majority owned subsidiary Ocean Rig UDW Inc., the Company owns and operates nine offshore ultra deepwater drilling units, comprising of two ultra deepwater semisubmersible drilling rigs and seven ultra deepwater drillships, five of which remain to be delivered to the Company during 2011 and 2013. As of July 21, 2011, DRYS owns a fleet of 38 drybulk carriers (including newbuildings), comprising nine Capesize, 27 Panamax and two Supramax, with a combined deadweight tonnage of more than 3.4 million tons, and 12 tankers (including newbuildings), comprising six Suezmax and six Aframax, with a combined deadweight tonnage of more than 1.6 million tons.

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In the report, the analyst notes:

"The Company on Thursday announced the recent sale of a number of older dry bulk vessels, which is part of a fleet renewal program. It reported four of its vessels had an aggregate sale price of $75.5 million, resulting in an aggregate book loss of $106.9 million.

"DRYS reported net income of $25.8 million, or $0.07 basic diluted earnings per share, for the first quarter ended March 31, 2011, up from $13.3 million, or $0.04 basic and diluted earnings per share, in the comparable period last year."

To read the entire report visit: www.microstockprofit.com/lp/DRYS

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