DALLAS, Nov. 24, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring DryShips Inc. (Nasdaq:DRYS - News). 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 - News) should be of particular interest to other bulk shipping companies: Eagle Bulk Shipping Inc. (Nasdaq:EGLE - News), Excel Maritime Carriers Ltd. (NYSE:EXM - News) and Genco Shipping & Trading Ltd. (NYSE:GNK - News).

It is available at: http://www.beaconequity.com/i/DRYS

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DryShips Inc. (DRYS) owns, through its subsidiaries, a fleet of 40 drybulk carriers comprised of seven Capesize, 29 Panamax, two Supramax, and two newbuilding drybulk vessels, as well as two ultra-deep-water semi-submersible drilling rigs and two ultra-deep-water newbuilding drillships. The Company's drybulk fleet carries a variety of drybulk commodities including coal, iron ore, and grains, bauxite, phosphate, fertilizers and steel products.

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In the report, the analyst notes:

"DRYS last week announced an agreement to acquire two Panamax vessels for an aggregate price of $75.76m. The vessels, a 76,635 dwt Panamax built in 2007, and a 76,635 dwt Panamax built in 2006, are expected to be delivered charter-free within the first quarter of 2010. This transaction is subject to the approval of the board of directors of DRYS.

"For the third quarter of 2009, the Company reported a net profit of $35.6 million or $0.12 basic and diluted profit per share. Included in the third quarter 2009 results is a loss of $39.3 million or $0.15 per share associated with the valuation of the Company's interest rate swaps. Excluding this item, net income would amount to $74.9 million or $0.27 per share."

To read the entire report visit: http://www.beaconequity.com/i/DRYS

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