UPDATE 1-DryShips exercises option to build seventh drillship


* Says build cost of $608 mln * Says drillship to be build by Samsung Heavy Industries (Follows alerts) June 24 (Reuters) - Greek dry cargo transporter and oil driller Dryships Inc said its drilling unit commissioned the construction of a new drillship to Samsung Heavy Industries for $608 million, as it looks to capitalise on rising oil prices and increasing drilling activity. The unit, Ocean Rig UDW , exercised the newbuilding option, a follow-on of options for two similar ships in ...

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