Dry Ships Inc. is a shipping company based in Greece, which operates a fleet of dry bulk carriers and tankers. The company was founded in 2004, and it primarily engages in the transportation of commodities, including coal, iron ore, and grains. Dry Ships owns and operates more than 30 vessels, ranging from panamax to capesize vessels, and it employs a team of around 200 people.
In addition to its shipping operations, Dry Ships has diversified its business by investing in the offshore oil drilling sector. The company has acquired offshore drilling rigs through its majority-owned subsidiary, Ocean Rig UDW Inc. Dry Ships also has an interest in a minority-owned subsidiary, which owns an LNG carrier and a floating storage and regasification unit.
Dry Ships has faced several challenges over the years, including debt and liquidity issues. However, the company has taken steps to improve its financial position and has implemented cost-cutting measures to enhance its efficiency. Dry Ships trades on the Nasdaq stock exchange under the ticker symbol "DRYS."
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