Lizard. What Orig does any more.. Has very little to do with Drys.. In 1st qtr 2013 earnings report. Drys is pure shipping Co. Drys and Orig, completely separated.. That ER is in Drys website.. Read it.. In mean time..That contract is only one signed since last July.. And won't that impressive.. It just looks like manipulators, just decided to drive up drybulkers today.. The amuzing part.. With rates for Panamaxes dropping to $6.3K per day, yesterday.. Drybulkers are looking worse than ever... Oh well! let manipulators drive them higher? Just have some dry powder, right before they report.. Drybulkers got serious problems. With what bulkers are leasing for.. They are losing tons of money now.. It's just going to get worse..
Kem's comment earlier------8:37 am DryShips announces that Ocean Rig (ORIG) has signed a drilling contract for one of its semi-submersible drilling rigs, the Eirik Raude (DRYS) : Co announced that Ocean Rig has signed a drilling contract for one of its semi-submersible drilling rigs, the Eirik Raude. The drilling contract is for a minimum six-well program, with an estimated duration of about 260 days, for drilling offshore the Falkland Islands, with an estimated backlog of ~$165 mln. The rig is scheduled to commence this contract in Q1 of 2015.