DALLAS, Sept. 1, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring drybulk carrier DryShips Inc. (Nasdaq:DRYS). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on DryShips Inc. (Nasdaq:DRYS) should be of particular interest to other drybulk carriers: Eagle Bulk Shipping (Nasdaq:EGLE), Excel Maritime Carriers Ltd. (NYSE:EXM) and Genco Ship. & Trading Ltd. (NYSE:GNK).
It is available at: http://www.beaconequity.com/i/DRYS
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DryShips Inc. (DRYS) owns a fleet of drybulk carriers, shipping materials and commodities worldwide. In addition to its fleet of vessels, which include 29 Panamax, two Supramax, seven Capesizes and two newbuilding drybulk ships, the Company owns two ultra-deep-water semi-submersible drilling rigs and two ultra-deep-water drillships.
In the report, the analyst notes:
"The shipping industry has been affected profoundly by the global recession, as measured by the Baltic Dry Index($BDI), which peaked in early July at 11,500 then, plunged to a low of 800 in early December, and settled at 2,421 as of August 28, 2009. Economists expect a rebound from a collapse in trade, citing signs of production and purchase orders improvements from Asia, especially China.
"DRYS anticipates business to improve, as evidenced by its decision in early July to acquire the remaining 25% outstanding shares of its subsidiary Primelead. Primelead's assets of two ultra deepwater semisubmersible drilling rigs are expected to produce significant income as offshore oil drilling programs restart worldwide in response to higher oil prices."
To read the entire report visit: http://www.beaconequity.com/i/DRYS
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