DryShips is the company that kick-started a wave of public dry bulk shipowners with a perfectly timed and executed initial public offering (IPO) in 2005.
It is the outfit that turned a $1,000 initial investment into $7,280 on 1 October 2007 but left only $13 if you were still holding the stock today.
DryShips is the owner that attracted retail shipping investors in numbers far beyond anything seen before but that also played a big part in repelling institutional buyers from the sector for what may prove to be a painfully long time.
