SOURCE: DryShips Inc.

November 28, 2005 14:18 ET

DryShips Files Detailed Report for the Third Quarter 2005

ATHENS, GREECE -- (MARKET WIRE) -- November 28, 2005 -- DryShips Inc. (NASDAQ: DRYS) announced that after the close of the market today, Monday, November 28, 2005, it will file with the Securities and Exchange Commission (SEC) under cover of form 6-K a quarterly report that is in line with the requirements applicable to Form 10-Q, for the quarterly period ended September 30, 2005.

George Economou, Chairman and CEO, commented: "As a foreign issuer, DryShips is not subject to the same reporting requirements as US domestic issuers. Nevertheless, DryShips is voluntarily committed to adhere to the same high standards of reporting information regarding our company's operations and financial position as US companies. Therefore, as of today and on a quarterly basis going forward, DryShips will file reports substantially similar to those issued by US companies along the lines of the 10Q Filings."

This quarterly report can be accessed after the close of the market today on the SEC website with the Edgar Filings and also on the corporate website of DryShips, at www.dryships.com, in the investor relations section under "Quarterly and Annual Reports."

Once available, to get direct access to the filing, please click the link below or copy and paste it into your browser:

http://www.irwebpage.com/dryships/ir_reports.html

About DryShips Inc.

DryShips Inc., based in Greece, is an owner and operator of drybulk carriers that operate worldwide. As of the day of this Release, DryShips owns a fleet of 27 drybulk consisting 4 Capesize, 21 Panamax and 2 Handymax vessels, with a combined deadweight tonnage of approximately 2.3 million. DryShips is the second largest Panamax operator in the world.

DryShips Inc.'s common stock is listed on NASDAQ National Market where it trades under the symbol "DRYS."

Visit our website at www.dryships.com

Contact Information

  • Company Contact:
    Christopher J. Thomas
    Chief Financial Officer
    DryShips Inc.
    Tel. 011-30-210-809-0570
    E-mail: Email Contact

    Investor Relations / Media:
    Nicolas Bornozis
    Capital Link, Inc. (New York)
    Tel. 212-661-7566
    E-mail: Email Contact