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Article: United States: DryShips says no contracts for drillships yet.

Article from:
TendersInfo
Article date:
October 29, 2009
Copyright

Byline: deepak03

Drybulk shipping and contract drilling company DryShips Inc (DRYS.O) does not have contracts for its drillships under construction as of now, the company's Chief Operating Officer Pankaj Khanna said on a conference call with analysts.

DryShips currently has two operational and owned ultra deepwater rigs, and four more under construction. The company has obtained financing for two drillships under construction, but still needs financing for the other two.

Khanna said in the current environment, contracts are a pre-condition to getting financing.

Oppenheimer & Co analyst Scott Burk said before the call: "They need to ...

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