NEW YORK, NY--(Marketwire - December 1, 2008) -
-- Mr. Ioannis Lazaridis, CEO, Capital Product Partners (NASDAQ: CPLP)
-- Mr. Marco Fiori, CEO, d'Amico International Shipping (MILAN: DIS)
-- Mr. George Kassiotis, CEO, Omega Navigation Enterprises (NASDAQ: ONAV)
will participate in a Panel discussion on the Product Tanker Shipping
sector today, Monday, December 1, 2008 at 10:00 am EST -- 3:00 pm London
time.
The Product Tanker Forum is organized by Capital Link, a New York based
Investor Relations and Financial Communications firm focusing on shipping,
in cooperation with NASDAQ OMX.
ACCESS THROUGH LIVE AUDIO WEBCAST
Those interested in participating at the Product Tanker Forum can access
the panel discussion through a live audio webcast available at
www.CapitalLinkWebcasts.com. Participants to the live webcast should
register on the website approximately ten minutes prior to the start of the
webcast.
Following the event, there will be an audio archive of the discussion at
Capital Link's Shipping website at
www.CapitalLinkShipping.com.
PANEL STRUCTURE & MODERATOR
The panel discussion will be moderated by Mr. G. Scott Burk, CFA, Analyst,
Ocean Shipping Equity Research, Oppenheimer & Co. Inc.
The focus of the discussion (and the Q&A) will be on sector trends and
fundamentals, as opposed to company specifics or recommendations. The
discussion will cover four topics: demand, supply, freight rates and asset
values, valuations, focusing on current trends and the sector's outlook.
QUESTIONS FROM PARTICIPANTS
Participants can submit questions to the analysts prior to or during the
event through the special event page on
www.CapitalLinkWebcasts.com or
through
www.CapitalLinkShipping.com.
TRANSCRIPT
A transcript of the panel discussion will be publicly available within
approximately 48 hours after the event and those interested can request it
through the event page on
www.CapitalLinkWebcasts.com or through
www.CapitalLinkShipping.com.
ABOUT PRODUCT TANKER SHIPPING:
Crude oil tankers transport crude oil from oil production and export
facilities to oil terminals, storage facilities, pipeline systems and oil
refineries internationally.
Product tankers are those tankers that transport refined petroleum
products, such as gasoline, diesel, jet fuel and naphtha, from refineries
to storage and distribution systems, industrial plants and other consumers,
as well as other products such as chemical and vegetable oils.
Products tankers generally range in size from 10,000 to 80,000 dwt,
although there are some larger products tankers designed for niche
long-haul trades, such as from the Middle East to Japan, Korea and South
East Asia. Products tankers generally have cargo-handling systems that are
designed to transport several different grades of refined petroleum
products simultaneously. These systems include coated cargo tanks that
facilitate cleaning between voyages involving different cargoes.
Ice Class tankers are vessels that have been constructed (in compliance
with Finnish-Swedish Ice Class Rules) with strengthened hulls, a sufficient
level of propulsive power for transit through ice-covered routes and
specialized machinery and equipment for cold climates.
ABOUT CAPITAL PRODUCT PARTNERS L.P.
Capital Product Partners L.P. (
NASDAQ:
CPLP), a Marshall Islands master
limited partnership, is an international owner of modern double-hull
tankers. Capital Product Partners L.P. owns 18 modern vessels, including 15
MR tankers, two small product tankers and one Suezmax crude oil tanker. All
18 vessels are under medium to long-term charters to BP Shipping Limited,
Morgan Stanley Capital Group Inc., Overseas Shipholding Group, Shell
International Trading & Shipping Company Ltd., and Trafigura Beheer B.V.
For more information about the Partnership, please visit the Company's
website:
www.capitalpplp.com.
ABOUT d'AMICO INTERNATIONAL SHIPPING S.A.
d'Amico International Shipping S.A. (
MILAN:
DIS) is a subsidiary of d'Amico
Società di Navigazione S.p.A., one of the world's leading privately owned
marine transportation companies, and operates in the product tankers
sector, comprising vessels that typically carry refined petroleum products,
chemical and vegetable oils. d'Amico International Shipping S.A. controls,
either through ownership or charter arrangements, a modern, high-tech and
double-hulled fleet, ranging from 35,000 and 51,000 deadweight tons. The
Company has a history and a long tradition of family enterprise and a
worldwide presence with offices in key market maritime centres (London,
Dublin, Monaco and Singapore). The Company's shares are listed on the Milan
Stock Exchange under the ticker symbol "DIS." For more information please
visit the Company's website:
www.damicointernationalshipping.com.
ABOUT OMEGA NAVIGATION ENTERPRISES, Inc.
Omega Navigation Enterprises, Inc. (
NASDAQ:
ONAV) is an international
provider of global marine transportation services through the ownership and
operation of double hull product tankers. The current fleet includes eight
double hull product tankers with a carrying capacity of 512,358 dwt which
are chartered out under three-year time charters with an average age of
less than three years. The company has also announced the signing of
shipbuilding contracts to construct and acquire five additional product
tankers with a capacity of 37,000 dwt each scheduled for delivery between
March 2010 and early in 2011 and two additional product tankers with a
capacity of 47,000 dwt the first scheduled for delivery on the second
quarter 2009 and the second scheduled for delivery on the third quarter
2010. With the addition of these seven vessels, Omega's fleet will expand
to 15 product tankers with a total deadweight capacity of 791,358 dwt. The
Company was incorporated in the Marshall Islands in February 2005. Its
principal executive offices are located in Piraeus, Greece and it also
maintains an office in the United States. Omega Navigation's Class A Common
Shares are traded on the NASDAQ National Market under the symbol "ONAV" and
are also listed on the Singapore Exchange Securities Trading Limited under
the symbol "ONAV 50." For more information, please visit the Company's
website at
www.omeganavigation.com.
ABOUT
www.CapitalLinkShipping.com:
Capital Link Shipping is a web based resource whose objective is to
facilitate investor knowledge and understanding of shipping and its listed
companies, and to facilitate the exchange of information among listed
companies, industry participants and investors. The site provides
information on the major shipping and stock market indices, as well as on
all shipping stocks. It also features industry reports from major industry
participants and interviews with CEOs, analysts and other market
participants.
The information on the website is not an offer to buy or sell any kind of
securities nor does it constitute investment advice of any kind. Capital
Link does not represent or warrant the accuracy of the information in this
site. The user of the site acknowledges that he/she accesses the
information at his/her own risk and cannot hold Capital Link liable for any
matter in any way and will use the website in accordance with the Terms and
Conditions specified on the website.
The website is operated by Capital Link, a New York based Investor
Relations and Financial Communications firm with a strategic focus on
shipping, which serves several shipping listed companies including
companies participating in the above in the CEO Product Tanker Forum.
Contact Information: Contact for Capital Link Shipping:
Nicolas Bornozis, President
Capital Link, Inc.
230 Park Avenue - Suite 1536
New York, N.Y. 10169
Tel. (212) 661-7566
Fax (212) 661-7526
E-mail: shippingforum@capitallink.com
http://www.capitallinkshipping.com
http://www.capitallink.com