May 20, 2013
DryShips Inc. (NASDAQ:DRYS) is a Greek holding company that charters vessels for shipping dry goods overseas. The company is the second largest dry bulk shipper listed in the United States, operating around 40 ships with a combined capacity of over 3.3 million dead weight tons[1]. The average useful life of these vessels is 25 years.[2] Dry bulk vessels deliver commodities such as iron ore (used for steel production), grains and coal throughout the world.
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