DryShips Inc. Announces First Quarter 2013 Results Release Date, Conference Call and Webcast

DryShips Inc. Announces First Quarter 2013 Results Release Date, Conference 
Call and Webcast 
ATHENS, GREECE -- (Marketwired) -- 05/17/13 --  DryShips Inc.
(NASDAQ: DRYS) (the "Company" or "DryShips"), a global provider of
marine transportation services for drybulk and petroleum cargoes, and
through its majority owned subsidiary, Ocean Rig UDW Inc., of
off-shore contract drilling oil services, announced today that it
will release its results for the first quarter 2013 after the market
closes in New York on Wednesday, May 22, 2013.  
DryShips' management team will host a conference call the following
day on Thursday, May 23, 2013, at 9:00 a.m. EDT to discuss the
Company's financial results. 
Conference Call details:
 Participants should dial into the call 10
minutes before the scheduled time using the following numbers: 1(866)
819-7111 (from the US), 0(800) 953-0329 (from the UK) or +(44) (0)
1452 542 301 (from outside the US). Please quote "DryShips." 
A replay of the conference call will be available until Thursday, May
30, 2013. The United States replay number is 1(866) 247-4222; from
the UK 0(800) 953-1533; the standard international replay number is
(+44) (0) 1452 550 000 and the access code required for the replay
is: 2133051#.  
Slides and audio webcast:
 There will also be a simultaneous live
webcast over the Internet, through the DryShips Inc. website
(www.dryships.com). Participants to the live webcast should register
on the website approximately 10 minutes prior to the start of the
webcast. 
About DryShips 
DryShips Inc. is an owner of drybulk carriers and tankers that
operate worldwide. Through its majority owned subsidiary, Ocean Rig
UDW Inc., DryShips owns and operates 10 offshore ultra deepwater
drilling units, comprising of 2 ultra deepwater semisubmersible
drilling rigs and 8 ultra deepwater drillships, 3 of which remain to
be delivered to Ocean Rig during 2013 and 1 during 2015. DryShips
owns a fleet of 46 drybulk carriers (including newbuildings),
comprising 4 VLOCs, 12 Capesize, 28 Panamax, and 2 Supramax with a
combined deadweight tonnage of about 5.1 million tons, and 10
tankers, comprising 4 Suezmax and 6 Aframax, with a combined
deadweight tonnage of over 1.3 million ton. 
DryShips' common stock is listed on the NASDAQ Global Select Market
where it trades under the symbol "DRYS." 
Visit the Company's website at www.dryships.com 
Forward-Looking Statement
 Matters discussed in this release may
constitute forward-looking statements. The U.S. Private Securities
Litigation Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to provide
prospective information about their business. The Company desires to
take advantage of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 and is including this
cautionary statement in connection with this safe harbor legislation. 
Forward-looking statements reflect our current views with respect to
future events and financial performance and may include statements
concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements, which
are other than statements of historical facts. The words "believe,"
"intend," "anticipate," "estimate," "project," "forecast," "plan,"
"potential," "may," "should," "expect" and similar expressions
identify forward-looking statements. 
The forward-looking statements in this release are based upon various
assumptions, many of which are based, in turn, upon further
assumptions, including without limitation, management's examination
of historical operating trends, data contained in our records and
other data available from third parties. Although we believe that
these assumptions were reasonable when made, because these
assumptions are inherently subject to significant uncertainties and
contingencies which are difficult or impossible to predict and are
beyond our control, we cannot assure you that it will achieve or
accomplish these expectations, beliefs or projections. 
Important factors that, in our view, could cause actual results to
differ materially from those discussed in the forward-looking
statements include the strength of world economies and currencies,
general market conditions, including changes in charterhire and
drilling dayrates and drybulk vessel, drilling rig and drillship
values, failure of a seller to deliver one or more drilling rigs,
drillships or drybulk vessels, failure of a buyer to accept delivery
of a drilling rig, drillship, or vessel, inability to procure
acquisition financing, default by one or more charterers of our
ships, changes in demand for drybulk commodities or oil, changes in
demand that may affect attitudes of time charterers and customer
drilling programs, scheduled and unscheduled drydockings and
upgrades, changes in our operating expenses, including bunker prices,
dry-docking and insurance costs, changes in governmental rules and
regulations or actions taken by regulatory authorities, potential
liability from pending or future litigation, domestic and
international political conditions, potential disruption of shipping
routes due to accidents and political events or acts by terrorists. 
Risks and uncertainties are further described in reports filed by
DryShips with the U.S. Securities and Exchange Commission. 
Contact:
Investor Relations / Media:
Nicolas Bornozis
Capital Link, Inc. (New York)
Tel. 212-661-7566
E-mail: dryships@capitallink.com