DryShips Inc. Announces Quarterly Cash Dividend of $0.20 Per Common Share

July 18, 2008: ATHENS, GREECE – DryShips Inc. (NASDAQ: DRYS) announced today that its Board of Directors has declared a quarterly cash dividend of $ 0.20 per common share, payable on August 22, 2008, to stockholders of record as of August 8, 2008.

About DryShips Inc.
DryShips Inc., based in Greece, is an owner and operator of drybulk carriers that operate worldwide. As of the day of this release, DryShips owns a fleet of 48 drybulk carriers comprising 6 Capesize, 30 Panamax, 2 Handymax, and 10 newbuilding drybulk vessels, with a combined deadweight tonnage of about 4.3 million tons.

DryShips Inc.'s common stock is listed on NASDAQ Global Market where it trades under the symbol "DRYS".

Visit our website at www.dryships.com

DryShips Inc. Press Release