Penny stock DryShips (DRYS)
Penny stock DryShips (DRYS) operates out of Amaroussion, Greece. The company is a worldwide owner and operator of drybulk carriers and offshore deep water drilling rigs. The DryShips drybulk fleet carries a variety of commodities, including bulk amounts of coal, iron ore, fertilizers, steel and grain containers. The company’s fleet has a total carrying capacity is over 3.4 million deadweight tons. The offshore oil deep water drilling segment of the DryShips holdings is made up of two ultra-deep water semisubmersible drilling rigs and four ultra-deep water new building drillships. DryShips, Inc. owns and operates a fleet comprised of more than three dozen drybulk carriers and 12 tankers with a combined deadweight tonnage of over 1.6 million tons, also employing them in a combination of “spot charter”, and “period time charter” contracts and pools to increase corporate value. The company’s subsidiary dealing with offshore oil drilling, Ocean Rig UDW, Inc., operates the submersible drilling rigs and expects delivery during 2011 of three additional ultra-deep water rigs. GeorgeEconomou has served as Chairman, President and CEO of DryShips, Inc. since the company formed, and the company went public in February 2005. DryShips, Inc. is a Marshall Islands registered company that was formed in September 2004.