SOURCE: Capital Link Shipping

December 01, 2008 08:00 ET

Reminder: CEOs of Capital Product Partners, d'Amico International Shipping and Omega Navigation to Participate in a Panel Discussion on the Product Tanker Sector

Today, Monday, December 1, 2008 -- 10:00 am EST -- 3:00 pm London; Access Through Live Audio Webcast at www.CapitalLinkWebcasts.com; Organized in Cooperation With NASDAQ OMX

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.

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