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SOURCE BrokerBank Securities, Inc.
NEW YORK, June 20, 2014 /PRNewswire/ -- DryShips, Inc. (NASDAQ: DRYS) is an international provider of ocean transportation services for drybulk and petroleum cargoes through their ownership and operation of drybulk carrier vessels and oil tankers. The company also engages in offshore drilling services through their majority-owned subsidiary Ocean Rig UDW (ORIG), which specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. DryShips operates among three reportable segments: Drybulk Carriers, Tankers and Offshore Drilling.
Overall, the international shipping and offshore drilling industries are highly competitive, fragmented and capital-intensive. For the most part, trends and the state of the global economy heavily influence the markets for drybulk carriers, tankers and offshore drilling. For example, the demand for drybulk carriers is determined by the underlying demand for commodities transported in drybulk carriers, while the demand for oil tankers is driven by the demand for crude oil and petroleum products.
Meanwhile, the offshore drilling industry is influenced by a number of factors including the global demand for oil and natural gas. Further, as the international drilling market has seen an increasing trend towards deep and ultra-deepwater oil and gas exploration in recent years, overall demand for companies operating in this space has increased as well.
A full in-depth analyst report on DRYS that includes industry review, financial position, potential revenues, review of current business model, competition breakdown, analyst summary, and recommendation can be viewed by using the following link at no cost:
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BrokerBank Securities, Inc. is a member of the Financial Industry Regulatory Authority, CRD number #130116.
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