DALLAS, Feb. 9, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring DryShips Inc. (Nasdaq:DRYS). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report 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. With a combined capacity or more than three million deadweight tons, DRYS' drybulk carriers transport various commodities, including coal, grains, metals and fertilizers. The Company's services include vessel leasing in the spot charter market as well as in drybulk carrier pools.
Message Board Search for DRYS: http://www.boardcentral.com/boards/DRYS
In the report, the analyst notes:
"The shipping industry has been profoundly affected by the global recession, as measured by the Baltic Dry Index ($BDI), which, after peaking in May 2008 at 11,500, plunged to a low of 800 in early December, then settled at 2,715 as of February 5, 2010. Economists expect a moderate rebound from a collapse in trade starting in May 2008, citing signs of production and purchase orders improvements from Asia, especially China.
"The Motley Fool recently interviewed the Company's COO Pankaj Khanna in January. Khanna told Motley Fool that the Company expects to enjoy a better year in 2010 than 2009. Additionally, Khanna said the Company plans to launch DrillShips business publicly this year."
To read the entire report visit: http://www.beaconequity.com/i/DRYS
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