Company/Year of IPO (2005)

Amount raised m $ %

Stock exchange

Remarks; profits; fleet

“DryShips Inc.”

~269 26

Nasdaq³⁵

2 Profits 2004: $~39 m; 2005: $~111 m; Ships: 27; 2.32 m dwt.

“Diana³⁶ (*) Shipping Co.”

~242 24

NYSE

Profits: $~60 m 2004; 2005: $65 m; 12 ships 1.065 m dwt

“Quintana Maritime Ltd.”

~221 22

Nasdaq

Profits $5.5 m 2005; 10 ships, 0.92 m dwt; it took-over “Metrostar” (owning 17 ships);

“Aries Maritime Passport”

170.5 17

Nasdaq

Profits $~15 m; 9 tankers; 5 containerships; it took-over “Magnus Carriers”

“StealthGas Inc.” (06/10/05)

116 11

Nasdaq

Profits $~12 m (2005); 27 LPG

Total 5

$~1.02 b 100%

Average $204 m

“Stelmar” taken-over by OSG