FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of October 2006
Commission File Number 000-51141
DRYSHIPS INC.
80 Kifissias Avenue
Amaroussion 15125, Athens Greece
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [_]
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1): ___
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7): ___
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [_] No [X]
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-______________.
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Included in this Report on Form 6-K as Exhibit 1 is the biographical information
of Mr. George Demathas who was appointed as a new Class B director of DryShips
Inc. (the "Company"), effective July 18, 2006. Mr. Demathas has filled the
vacancy resulting from the resignation of Mr. Nikolas Tsakos.
This Report on Form 6-K is hereby incorporated by reference into the Company's
Registration Statement on Form F-3/A filed on May 3, 2006 (Registration No. 333-
133482).
Exhibit 1
George Demathas has served as Chief Financial Officer and a director of
Stroigasitera Inc., a privately held company that finances and develops natural
gas infrastructure projects in Central Asia, since 2001. He has also served as a
non-executive director of Gyroscopic Fund Ltd. a fund of hedge funds
incorporated in the Cayman Islands, since 2002. Mr. Demathas has a BA in
Mathematics and Physics (Hamilton College, NY) and an MSc in Electrical
Engineering and Computer Science (Columbia University). As a principal in
Marketing Systems Ltd, he supplied turnkey manufacturing equipment to industry
in the USSR. From 1991 he was involved in Malden Investment Trust Inc. in
association with Lukoil, working in the Russian petrochemical industry. Since
1996 he has invested in natural gas trunk pipelines in Central Asia. He is based
in Moscow and travels widely in Europe and the USA.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
DryShips Inc.
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(Registrant)
Dated: October 2, 2006 By: /s/ Christopher J. Thomas
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Christopher J. Thomas
Chief Financial Officer
SK 23113 0002 688998