DryShips Inc. is a provider of ocean transportation services for drybulk and petroleum cargoes. The Company provides its services through its ownership and operation of drybulk carrier vessels and oil tankers and offshore drilling services through the ownership and operation by its majority-owned subsidiary, Ocean Rig UDW, of ultra-deepwater drilling units. As of February 14, 2014, it owned a fleet of 38 drybulk carriers, consisting of 12 Capesize, 24 Panamax and two Supramax vessels, which have a combined deadweight tonnage of approximately 4.1 million deadweight tonnage (dwt) and an average age of approximately 9.7 years; eight drilling units, consisting of two advanced capability ultra-deepwater semisubmersible offshore drilling rigs, four sixth generation, advanced capability ultra-deepwater drillships and two seventh generation, advanced capability ultra-deepwater drillships, and 10 oil tankers, consisting of six Aframax and four Suezmax tankers.