DryShips Inc (fka DRYS)

[Net-Man]

ash - agree that BK is just silly talk. Clearly there is confusion between share price and company financial health.

By the way, while the $77 million you have reported out is accurate according to a DRYS press release. However, they suggested it is an assumption on a per annum period. They weren't any more specific but it was presumably for 2018. I am not aware of any discussion regarding the second half of this year.

"Indicative Fleet Earnings Capacity

On an annual basis, assuming all the vessels we have agreed to acquire have been delivered, that vessels are fully utilized and earn $16,000 per day for Newcastlemaxes, $12,000 per day for Kamsarmaxes, $10,000 per
day for Panamaxes, $18,000 per day for Aframaxes, $25,000 per day for Suezmaxes and $30,000 per day for very large crude carriers (“VLCCs”), and the rest of the vessels in the Company’s fleet that are employed
under time charters will earn their respective fixed rates, the Company estimates for indicative purposes that its active fleet (i.e. excluding laid up vessels in our offshore support fleet) will generate EBITDA(1) of approximately $77.0 million. "

http://dryships.irwebpage.com/press/drys051017.pdf