DryShips Inc., an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc. of offshore deepwater drilling services, announced its unaudited financial and operating results for the first quarter ended March 31, 2013.  
For the first quarter of 2013, the Company reported a net loss of $116.6 million, or $0.30 basic and diluted loss per share.
Included in the first quarter 2013 results are:
- Losses on the sale of four newbuilding drybulk vessels, of $75.3 million, or $0.20 per share.
The Company reported Adjusted EBITDA of $112.0 million for the first quarter of 2013, as compared to $104.1 million for the first quarter of 2012.

Recent Events
- In March 2013 and April 2013, the Company sold its newbuilding Capesize bulk carriers Hull 1241 and 1242, to an unaffiliated third party and its newbuilding Very Large Ore Carriers Hulls 1239 and 1240, to an entity related to Mr. George Economou.
These four vessels had remaining yard installments of approximately $178 million against which the Company had no committed debt. Under the terms of the sale agreements, the Company will make payments of only $29 million, thus eliminating approximately $149 million in capital expenditures.
The two 176,000DWT Capesizes and a pair of 206,000DWT newcastlemax bulkers were on order at Shanghai Jiangnan-Changxing Shipbuilding in China.