Pingtan & DryShips: High Drama On The Seven Seas
FUZHOU, CHINA - Shares of Pingtan Marine Enterprises ($PME) were ripping early as the company announced an agreement with DryShips ($DRYS) to open water naval combat on the open seas, wagering shipping and fishing contracts owned by both enterprises.
Master And Commander
Xinrong Zhuo CEO of Pingtan Marine was pleased to announce the deal that will pit his fleet of ships vs the few ships DryShips will bring to the engagement.
"I think we are destined for victory," said Zhou. "We have the numbers and we have the will to win. DryShips will crumble before our naval might."
According to representatives of both companies, the ships will meet in the middle of the Atlantic Ocean and wage 'full-out' war until only one side is standing. According to the rules of the battle, both companies must fight until one of them either surrenders or is obliterated.
"This is a very easy victory for us," added Zhou. "All we have to do is wait for their ships to sink on their own. The company is so badly managed that this is the only likely outcome."
DryShips ($DRYS) Defiant
George Economou CEO of Dry Ships was confident in his company's ability to defeat Pingtan Marine in the upcoming naval battle, citing a long history of Greek seamanship that dates back thousands of years.
"Our tradition is rich and our ships, just like our company, are helmed by the top people in the world," said Economou. "We're going to show them that the Greek spirit is indomitable. When we emerge victorious, the world will quake at the mere metion of DryShips!"
Oddsmakers Taking Bets
Jerry Fabricature, head of 'Sco Sports Handicapping, was not hesitant to lay odds on the confrontation.
"Looking at past performance it's hard to see how you can't go with Pingtan," said Fabricature. "I don't know a thing about Pingtan to be totally honest, but I know DryShips is in big trouble because it's the Peter McNeely of shipping companies."
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The Valley Report