DryShips Inc. (NASDAQ: DRYS) is an owner of dry-bulk carriers and offshore support vessels. The stock gained more than 150 percent on Thursday after the company reported its third-quarter results after Wednesday's market close.

DryShips reported that it lost $7.70 per share on revenue of $50.76 — hardly the type of headline numbers that would support a 150 percent surge.

Timeline

DryShips' stock was halted on a circuit breaker shortly after noon on Thursday when the stock gained 60 percent on the day and was trading at $8.17.

The stock resumed trading at 12:31 p.m. ET and when the halt was lifted shares were higher by 82 percent on the day.

A second trading halt due to a circuit breaker occurred at around 12:46 p.m. ET. Another halt occurred after 2:00 p.m. ET and when shares resumed trading it had gained 150 percent.

Shipping Names Follow DryShips' Lead

Here is a summary of other shipping names and their stock's performance with 30 minutes left of trading on Thursday: