DryShips rises after signing $630 million contract
DryShips Inc., owner of commodity carriers and deep-water drill ships, rose 28 percent after signing a three-year, $630 million contract with Petroleo Brasileiro SA for exploratory drilling in the Black Sea.
DryShips Inc said it reached a final agreement with Nordea Bank Finland Plc to obtain a covenant waiver for its debt totalling $800 million, sending its shares up 27 percent.