DryShips Inc. provides ocean transportation services for drybulk and petroleum cargoes through ownership and operation of drybulk carrier vessels and oil tankers; and offshore drilling services through the ownership and operation by a majority-owned subsidiary, Ocean Rig UDW, of ultra-deepwater drilling units. Drybulk Operations As of March 5, 2015, the company owned a fleet of 39 drybulk carriers, comprised of 13 Capesize, 24 Panamax and 2 Supramax vessels, which have a combined deadweight tonnage of approximately 4.3 million dwt and an average age of approximately 9.5 years; 10 tankers, comprised of 4 Suezmax and 6 Aframax vessels, which have a combined deadweight tonnage of approximately 1.3 million dwt and an average age of approximate life of 2.9 years; and 10 drilling units, comprised of two modern, fifth generation, advanced capability ultra-deepwater semisubmersible offshore drilling rigs, its sixth generation, advanced capability ultra-deepwater drillships and four seventh generation, advanced capability ultra-deepwater drillships. Offshore Drilling Operations The company’s contracts to provide offshore drilling services and drilling units are individually negotiated and vary in their terms and provisions. The company’s drilling units service the ultra-deepwater sector of the offshore drilling market, Customers: The company’s customers in the offshore drilling segment are major oil companies, integrated oil and gas companies, state-owned national oil companies and independent oil and gas companies. Environmental and Other Regulations in the Offshore Drilling Industry The offshore drilling operations include activities that are subject to international, federal, state and local laws and regulations, including, the United Nations' International Maritime Organization (IMO); International Convention for the Prevention of Pollution from Ships of 1973, including designation of Emission Control Areas thereunder; the IMO International Convention on Civil Liability for Oil Pollution Damage of 1969; the International Convention on Civil Liability for Bunker Oil Pollution Damage, or Bunker Convention; the IMO International Convention for the Safety of Life at Sea of 1974, as from time to time amended and generally referred to as SOLAS; the International Safety Management Code for the Safe Operation of Ships and for Pollution Prevention, or ISM Code; the IMO International Convention on Load Lines of 1966, as from time to time amended, the International Convention for the Control and Management of Ships' Ballast Water and Sediments in February 2004, or the BWM Convention; the U.S. Oil Pollution Act of 1990, or OPA; requirements of the U.S. Coast Guard and the U.S. Environmental Protection Agency, or EPA; the Comprehensive Environmental Response, Compensation and Liability Act, or CERCLA; the U.S. Clean Water Act; the U.S. Clean Air Act; the U.S. Outer Continental Shelf Lands Act; the U.S. Maritime Transportation Security Act of 2002, or the MTSA; European Union regulations; and Brazil's National Environmental Policy Law (6938/81), Environmental Crimes Law (9605/98) and federal Law (9966/2000) relating to pollution in Brazilian waters. History DryShips Inc., a corporation organized under the laws of the Republic of the Marshall Islands, was founded in 2004. The company was incorporated in 2004.
(DRYS:Consolidated Issue Listed on NASDAQ Global Select )
109 Kifisias Avenue and Sina Street
Athens, 151 24
Phone: 30 210 80 90 570
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