(DryShips story updated to provide further commentary from the company's COO)
NEW YORK ( TheStreet) -- DryShips (DRYS) hopes to move a step closer to selling off a chunk of its offshore energy exploration business in an IPO "within the next two quarters," the company's operating chief, Pankaj Khanna, said Thursday.
In an interview with TheStreet during a shipping-industry investor conference here, Khanna said DryShips expects to win long-term charter contracts on "at least two" of the four so-called ultra-deepwater drillships currently being built for the company at a shipyard in South Korea.
DryShips already has two offshore drilling vessels in operation, one in the Black Sea and the other off the coast of Ghana, in West Africa.
|DryShips' Leiv Eiriksson, a deepwater oil-drilling vessel|
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV