Star Information Systems (SIS) has established a new base in Rio de Janeiro to serve Brazil’s thriving offshore sector. To support the manuever, SIS sent Hans-Kristian Fjaerem, one of the firm’s most experienced consultants, to lead the operation…
Ocean Rig UDW Inc. (NASDAQ:ORIG) signed a new drilling contract for its semisubmersible drilling rig “Eirik Raude” with an independent operator, for work offshore West Africa. The maximum total revenue backlog, to complete the 3 well program is estimated at $52 million for a period of 60 days…
Ocean Rig UDW (NASDAQ: ORIG) announced that the remainder of the existing drilling contract with Vanco for the 6th generation drillship Ocean Rig Olympia has been novated to a Europe based operator for drilling offshore West Africa. The remaining duration provides for 120 days of work…
Announcement to include Third Quarter 2011 Results Release, Conference Call and Webcast. 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…
Fairmount Marine’s tug Fairmount Alpine has delivered the semi submergible drilling rig Ocean Yorktown safely in Brownsville, US, after a 5,400 miles tow from Rio de Janeiro, Brazil. Fairmount Marine was contracted in July by Diamond Offshore…
Fairmount Marine’s tug Fairmount Alpine has delivered the semi submergible drilling rig Ocean Yorktown safely in Brownsville, US, after a 5,400 miles tow from Rio de Janeiro, Brazil.Fairmount Marine was contracted in July by Diamond Offshore…
DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services, today announced the details of the partial spin off of Ocean Rig UDW Inc. Based on 408…
Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, announced that its common shares are expected to commence “when issued” trading today on the Nasdaq Global Select Market under the ticker symbol “ORIGV”. The Company’s…
DryShips Inc. (the “Company” or “DryShips”), a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services, today announced the results of its 2011 Annual General Meeting of Shareholders (the “Meeting”)…
DryShips Inc. (NASDAQ: DRYS) announced its unaudited financial and operating results for the second quarter and six month period ended June 30, 2011.For the second quarter of 2011, the company reported a net loss of $114.1m, or $0.33 basic and diluted loss per share…
DryShips Inc. (NASDAQ: DRYS) and OceanFreight Inc. (NASDAQ: OCNF) announced that DryShips has acquired 3,000,856 shares of OceanFreight Inc. The shares were acquired from entities controlled by Mr. Anthony Kandylidis, the CEO of OceanFreight…
OceanFreight Inc. (NASDAQ: OCNF) announced for the three-month period ended June 30, 2011 the company reported a Net Loss of $1 million or $0.16 basic and diluted loss per share. Included in these results is a loss of $2.0 million associated with the sale of M/T Olinda…
The Association for Rescue at Sea, Inc. (AFRAS) will hold its annual awards ceremony and reception on September 22, 2011. The event will take place on Capitol Hill in Washington, D. C. and will be co-hosted by the Honorable Howard Coble, co-chairman…
DryShips Inc. (NASDAQ: DRYS) announced that its Board of Directors has approved the partial spin-off of its interest in the Company’s majority-owned subsidiary Ocean Rig UDW Inc., of which DryShips currently owns approximately 78% of the issued and outstanding common stock…
DryShips Inc. and OceanFreight Inc. have entered into a definitive agreement. The former will acquire the outstanding shares of the latter for consideration per share of $19.85, consisting of $11.25 in cash and 0.52326 of a share of common stock of Ocean Rig UDW Inc…
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