DryShips Inc.

DryShips Inc.

DryShips Inc.

Overview
Date Founded

2004

Headquarters

Trust Company Complex,Ajeltake Road,Ajeltake Island,Majuro 96960

Type of Company

Public

Employees (Worldwide)

360

Industries

Oil & Gas
Other Transportation
Other Business & Consulting Services
Marine Shipping
Shipping & Delivery

Company Description

DryShips Inc. is a global shipping transportation company specialising in the transportation of drybulk cargoes. Our executive offices are located in Amaroussion, Greece and we have been listed on the New York Nasdaq Exchange since February 2005 and trade under the symbol "DRYS". Our vessels are able to trade worldwide in a multitude of trade routes carrying a wide range of cargoes for a number of industries. Our capesize and Panamax drybulk carriers carry predominantly coal and iron ore for energy and steel production as well as grain for feedstocks. Our handymax and Handysize drybulk carriers carry iron and steel products, fertilizers, minerals, forest products, ores, bauxite, alumina, cement and other construction materials. These raw materials and products are used as production inputs in a number of industries. We transport these various cargoes on several geographical routes. Our fleet carrying capacity totals over 3.4 million deadweight tons. We are focused on maximising shareholder value by maximising returns on our investments while at the same time ensuring our vessels adhere to the highest safety and environmental standards.

Executives & Employees

Founder

President & Chief Financial Officer

Vice President of Finance

Corporate Secretary

Board of Directors

Founder at DryShips Inc.

President & Chief Financial Officer at DryShips Inc.

President at Blue Star LLC

Director & Chief Executive Officer at Stroigasitera, inc.

Former Head-Greek Private Banking Desk at BNP Paribas (London Branch)

Former Communications Manager at Ocean Rig UDW, Inc.

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Owners & Shareholders
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The firm aims to deliver capital appreciation with medium volatility through their Oceanic Energy Fund. They utilize a top-down investment approach. The fund focuses on investments in the energy sector, such as renewable energy, nuclear, coal, utilities, non-conventional, pipeline, upstream, midstream, downstream and oil services in addition to GTL and LNG. They employ long and short positions through derivatives and equity instruments and seek event-driven investment opportunities.The Oceanic Hedge Fund invests in energy equities, oil services and shipping. Proprietary models are used for assessing the sector supply and demand. To balance risk exposure, the firm utilizes the low correlations between these sectors in addition to the wider associated markets. They follow long and short positions with a long bias over the investment cycle. Relative value trades between commodities and equities are evaluated in order to take advantage of valuation disconnects and pricing trends.The Oceanic Small Cap fund invests in small, high-growth pre-IPO firms across the shipping, oil services, energy and alternative energy sectors. The firm has a clear exit strategy and looks for growth or value opportunities within companies displaying solid management teams and having commercially viable technology.

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The firm aims to deliver capital appreciation with medium volatility through their Oceanic Energy Fund. They utilize a top-down investment approach. The fund focuses on investments in the energy sector, such as renewable energy, nuclear, coal, utilities, non-conventional, pipeline, upstream, midstream, downstream and oil services in addition to GTL and LNG. They employ long and short positions through derivatives and equity instruments and seek event-driven investment opportunities.The Oceanic Hedge Fund invests in energy equities, oil services and shipping. Proprietary models are used for assessing the sector supply and demand. To balance risk exposure, the firm utilizes the low correlations between these sectors in addition to the wider associated markets. They follow long and short positions with a long bias over the investment cycle. Relative value trades between commodities and equities are evaluated in order to take advantage of valuation disconnects and pricing trends.The Oceanic Small Cap fund invests in small, high-growth pre-IPO firms across the shipping, oil services, energy and alternative energy sectors. The firm has a clear exit strategy and looks for growth or value opportunities within companies displaying solid management teams and having commercially viable technology.

Recent Transactions
Details Hidden

purchases Gas Ships Ltd. from DryShips Inc.

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DryShips Inc. purchases Nautilus Offshore Co., Inc.

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DryShips Inc. purchases Nautilus Offshore Co., Inc.

Transaction Advisors
Legal Advisor

Advised onDryShips Inc. issued Common Stock

Auditor

Advised onDryShips Inc. issued Common Stock

Underwriter

Advised onDryShips Inc. issued Common Stock

Legal Advisor

Advised onDryShips Inc. issued Common Stock

Legal Advisor

Advised onDryShips Inc. issued Common Stock

Advisors & Consultants
Publicist

Founder at Capital Link, Inc.

Key Stats and Financials As of 2017
Market Capitalization
$518M
Total Enterprise Value
$254M
Earnings Per Share
$-1.13
Revenue
$101M
Net Profit
$-42.5M
Three Year Compounded Annual Growth Rate Of Revenue
-62.08%
Five Year Compounded Annual Growth Rate Of Revenue
-37.74%
EBITDAMargin
-9.54%
Enterprise Value Sales
2.53x
TEVNet Income
-5.98x
Debt TEV
0.57x
Total Debt
$145M
Total Equity
$707M
EBITDA
$-9.61M
Suppliers
Hyundai Heavy Industries Co., Ltd. Trucks, Construction & Farm Machinery | Ulsan, UL

Hyundai Heavy Industries Co., Ltd. engages in the manufacture and sale of steel ships. Its operations are carried out through the following divisions: Shipbuilding, Offshore and Engineering, Industrial Plant and Engineering, Engine and Machinery, Electro Electric Systems, Green Energy and Construction Equipment. The Shipbuilding division main products involve VLCCs, tankers, product carriers, chemical tankers, containerships, bulk carriers, OBO carriers, ro-pax ships, ro-ro ships, pure car carriers, LNG carriers, LPG carriers, submarines, destroyers and frigates. The Offshore and Engineering division has floating units, mixed platforms, pipelines and subsea facilities, offshore installations. The Industrial Plant and Engineering division offers combined cycle power plant, thermal power plant, oil and gas processing plant, LNG plant, refinery plant, petrochecmical plant, process equipment, nuclear component, boiler and HRSG. The Engine and Machinery division provides machine engine equipment, industrial machinery, power plant and robot system. The Electro Electric System offers transformers, GIS, switchgear, low and medium voltage circuit breakers, power electronics, rotating machinery, integrated control and monitoring systems. The company Green Energy division has solar power system and wind turbine system. The Construction Equipment division offers excavators, wheel loaders, backhoe loaders, forklift trucks and skid steer loaders. The company was founded by Chung Ju-Yung on December 28, 1973 and is headquartered in Ulsan, South Korea.