Ocean Rig Poseidon News

 

Premier Oil and Rockhopper Abandon Ocean Rig Contract

Feb 13, 2016

Two of the major British players in Falkland Islands offshore oil development, Premier Oil and Rockhopper Exploration, cancelled a joint venture contract with Ocean Rig UDW. In June 2014, the companies entered into a contract with Ocean…

DryShips Misses on Revenue

Aug 07, 2015

The Athens, Greece-based DryShips reported a $1.44bn loss in the second quarter but delivered an operational profit that was in-line with expectations. DryShips is an international provider of marine transportation services for drybulk and petroleum cargoes…

Poseidon Containers Launches IPO

Jul 21, 2015

Poseidon Containers Holdings Corp. announced today the commencement of its initial public offering (IPO) of 15,380,000 common shares. The company said it will grant the underwriters a 30-day option to purchase up to 2,307,000 additional common shares…

Poseidon to Go Public

Jun 18, 2015

Poseidon Containers Holdings, a private equity backed containership operator with an initial fleet of 18 vessels, has filed for an initial public offering.  It plans to raise $100 million, which is likely only a placeholder as Poseidon…

Ocean Rig UDW Announces Closing

Jun 09, 2015

DryShips Inc. a global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc. of offshore deepwater drilling services, announced today that  Ocean Rig closed the previously announced offering of 28…

Ocean Rig to Float Common Stock

Jun 03, 2015

Ocean Rig UDW Inc has launched an offering of its common stock, par value $0.01 per share.  As part of this offering, George Economou, our Chairman, President and Chief Executive Officer, has indicated his intention to purchase, at the public offering price…

Six Greenpeace Activists Leave Arctic-bound Oil Rig

Apr 12, 2015

Six Greenpeace activists rappelled down from an oil rig in the Pacific Ocean on Saturday after spending six days living on the structure to protest against drilling in the Arctic, the environmental organization said.The multinational team climbed aboard Polar Pioneer…

K-Line Executive Pleads Guilty to Price Fixing

Mar 27, 2015

An executive of Japan-based Kawasaki Kisen Kaisha Ltd. (K-Line) was sentenced to 18 months in a U.S. prison after pleading guilty to his involvement in a conspiracy to fix prices, allocate customers and rig bids of international ocean shipping services for roll-on…

NYK Shipping Exec Jailed for Price Fixing

Mar 12, 2015

Third ocean shipping executive pleads guilty to price fixing on ocean shipping services for cars and trucks An employee of Japan-based Nippon Yusen Kabushiki Kaisha (NYK) pleaded guilty today and was sentenced to 15 months in a U.S. prison for his involvement in a conspiracy to fix prices…

Dryships in the Red

Feb 27, 2015

DryShips Inc. and through its majority owned subsidiary, Ocean Rig UDW Inc., of offshore deepwater drilling services, today announced its unaudited financial and operating results for the fourth quarter ended December 31, 2014.Fourth Quarter…

Second Shipping Exec Sentenced for Price Fixing

Feb 09, 2015

Second ocean shipping executive pleads guilty to price fixing on ocean shipping services for cars and trucks A former executive of Japan-based Kawasaki Kisen Kaisha Ltd. (K-Line) pleaded guilty Friday, February 6, and was sentenced to 14 months in a U…

Ocean Rig's $120m Loan Agreement with DryShips

Nov 19, 2014

Ocean Rig UDW Inc. a global provider of off-shore contract drilling oil services, today announced the following: On November 18, 2014, Ocean Rig’s $120 million loan to its majority shareholder, DryShips Inc. (―DryShips‖), was approved by…

Dryships Achieves Refinance of 5% Convertible Notes

Nov 19, 2014

DryShips Inc. global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., off-shore contract drilling oil services, today announced the following:  *…

DryShips Reports 3Q 2014 Results

Nov 05, 2014

DryShips Inc. an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig, of offshore deepwater drilling services, today announced…

Ocean Rig Commences Tender Offer

Mar 10, 2014

Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, announced that it has commenced a cash tender offer for any and all of its currently outstanding 9.5% Senior Unsecured Callable Notes due 2016 on the terms and subject…

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