Exhibit 4.42

  

  

  

  
    SUPPLEMENTAL AGREEMENT dated 31st May 2018 to an Agreement dated as of 9th December 2016 made by and between DRYSHIPS INC.
      on one part and TMS BULKERS LTD. and TMS OFFSHORE SERVICES LTD. on the other part (hereinafter referred as the “Agreement”),

    THIS SUPPLEMENTAL AGREEMENT is made by and between

    
      
        	

              	(1)	
                DRYSHIPS INC. (hereinafter referred as
                    “DRYS”); and

              


      

    

    
      
        	

              	(2)	
                TMS BULKERS LTD. (hereinafter referred
                    as “TMS BULKERS”)

              


      

    

    
      
        	

              	(3)	
                TMS OFFSHORE SERVICES LTD. (hereinafter
                    referred as “TMS OFFSHORE”)

              


      

    

    
      
        	

              	(4)	
                TMS DRY LTD. (hereinafter referred as
                    “TMS DRY”),

              


      

    

    
      
        	

              	(5)	
                TMS TANKERS LTD. (hereinafter referred
                    as “TMS TANKERS”) and

              


      

    

    
      
        	

              	(6)	
                TMS CARDIFF GAS LTD. (hereinafter
                    referred as “TMS CARDIFF”)

              


      

    

    WHEREAS:

    
      
        	

              	(A)	
                Pursuant to the Agreement TMS BULKERS and TMS OFFSHORE are providing the management services referred therein to DRYS and its subsidiaries a
                    fleet of vessels of various types (the “Management Services”).

              


      

    

    
      
        	

              	(B)	
                TMS DRY, TMS TANKERS and TMS CARDIFF are providers of management services in the shipping industry.

              


      

    

    
      
        	

              	(C)	
                TMS DRY, TMS TANKERS and TMS CARDIFF wish to become parties to the Agreement and provide the Management Services.

              


      

    

    
      
        	

              	(D)	
                DRYS, TMS SULKERS and TMS OFFSHORE are agreeable that TMS DRY, TMS TANKERS and TMS CARDIFF become parties to the Agreement and provide the
                    Management Services.

              


      

    

    IT IS AGREED THAT:

    
      
        	

              	1.	
                Interpretation

              


      

    

    
      
        	

              	1.1	
                In this Supplemental Agreement:

              


      

    

    “Effective


          Date” means “1st January 2017”

    
      
        	

              	1.2	
                All words and expressions defined in the Agreement shall have the same meaning when used in this Supplemental Agreement unless the context
                    otherwise requires.

              


      

    

    
      
        	

              	2.	
                Amendments to the Agreement

              


      

    

    With effect


        from the Effective Date, the Agreement shall be read and construed as if TMS DRY, TMS TANKERS and TMS CARDIFF were parties thereto.

    
      
        	

              	3.	
                Confirmation and Undertakings

              


      

    

    
      
        	

              	3.1	
                As from the Effective Date, TMS DRY, TMS TANKERS and TMS CARDIFF are bound by the provisions of and are parties to the Agreement.

              


      

    

    
      
        


    

    

    

    
      
        	

              	3.2	
                DRYS and TMS BULKERS and TMS OFFSHORE confirm that all of its obligations under or pursuant to the Agreement remain in full force and effect,
                    as if all references in the Agreement were references to the Agreement as amended and supplemented by this Supplemental Agreement.

              


      

    

    
      
        	

              	3.3	
                The definition of any term defined in the Agreement shall, to the extent necessary, be modified to reflect the addition of parties to the
                    Agreement made by this Supplemental Agreement.

              


      

    

    
      
        	

              	3.4	
                The provisions of this Supplemental Agreement shall be binding upon and inure to the benefit of the parties to this Supplemental Agreement and
                    their respective successors and assigns.

              


      

    

    
      
        	

              	4.	
                Law and Jurisdiction

              


      

    

    
      
        	

              	4.1	
                The provisions of clause 6 of the Agreement shall apply to this Supplemental Agreement as if they were set out in full and as if references to
                    the Agreement were references to this Supplemental Agreement.

              


      

    

    IN WITNESS of which the parties to this Supplemental Agreement have executed this Supplemental Agreement the day and year first before written.

    	 	 	 
	 	 	 
	
            
              /s/ Dimitrios Dreliozis

            

          	 	
            
              /s/ Aikaterini Pagkalou

            

          
	
            For and on behalf of DRYS

            By: Mr. Dimitrios Dreliozis

            Title: Vice President - Finance

          	 	
            For and on behalf of TMS BULKERS

            By: Ms. Aikaterini Pagkalou

            Title: Legal Representative

          


    

    

    

    

    	 	 	 
	 	 	 
	
            
              /s/ Gerasimos Amourgis

            

          	 	
            
              /s/ Dimitrios Koukoulas

            

          
	
            For and on behalf of TMS OFFSHORE

            By: Mr. Gerasimos Amourgis

            Title: Legal Representative

          	 	
            For and on behalf of TMS DRY

            By: Mr. Dimitrios Koukoulas

            Title: Legal Representative

          


    

    

    

    

    	 	 	 
	 	 	 
	
            
              /s/ Georgios Kourelis

            

          	 	
            
              /s/ Ioannis Psilpoulos

            

          
	
            For and on behalf of TMS TANKERS

            By: Mr. Georgios Kourelis

            Title: Legal Representative

          	 	
            For and on behalf of TMS CARDIFF

            By: Ioannis Psilpoulos

            Title: Legal Representative