DryShips Inc. DRYS, or the Company, an international provider of marine
transportation services for drybulk and petroleum cargoes, and
through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean
Rig, of offshore deepwater drilling services, today announced it is
offering 5,000,000 common shares of Ocean Rig that it owns in an
underwritten public offering pursuant to Ocean Rig's effective shelf
registration statement on Form F-3ASR filed with the Securities and
Exchange Commission. Following the completion of the offering,
DryShips is expected to own approximately 61.3% of Ocean Rig's
outstanding shares.
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