SOURCE: Capital Link, Inc.

September 04, 2007 16:12 ET

Analyst Panel Discussion on the Dry Bulk Sector; Wednesday, September 5, 2007 - 11:00 am EDT; Live Audio Webcast at www.CapitalLinkShipping.com

NEW YORK, NY--(Marketwire - September 4, 2007) - Shipping Analysts from

--  Bear Stearns (Scott Burk),
--  Cantor Fitzgerald (Natasha Boyden),
--  Jefferies & Company (Douglas Mavrinac) and
--  Lazard Capital Markets (Urs Dur) will participate in a Virtual Panel
    discussion on the dry bulk shipping sector on Wednesday, September 5, 2007
    at 11:00 am EDT.
    

The Dry Bulk Analyst Virtual Forum is organized by Capital Link, a New York based Investor Relations and Financial Communications firm with strategic focus on shipping, in cooperation with NASDAQ International.

ACCESS TO THE DISCUSSION

The panel discussion can be accessed only through a live audio webcast on Capital Link's Shipping website at www.CapitalLinkShipping.com, where it will remain archived afterwards.

Participants to live webcast should register on the website approximately ten minutes prior to the start of the webcast. Please go to www.CapitallinkShipping.com to register and access the event.

PANEL STRUCTURE

The panel discussion will be moderated by Isabella Schidrich, Managing Director of NASDAQ International. The focus of the discussion (and the Q&A) will be on sector trends and fundamentals, as opposed to company recommendations. The discussion will cover four main topics: demand, supply, freight rates and asset values, and 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 at 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 a copy of it through www.CapitalLinkShipping.com.

About Dry Bulk Shipping:

International shipping plays a vital role in global trade given that 2/3 of the world's goods are transported by sea. The shipping industry provides a cost effective and practical means of transportation internationally of large volumes of cargoes.

The dry bulk carrier market refers to the transportation of homogeneous commodities in bulk. Dry bulk commodities are divided into two distinct categories, major bulks and minor bulks. Major bulks include iron ore, coal and grain, which are usually shipped on the larger size Capesize and Panamax vessels and comprise about 67% of dry bulk trade. Minor bulks are fertilizers, steels, sugars, cement etc., which are shipped in smaller more versatile vessels such as Handymax and Handysize, and comprise about 33% of the dry bulk commodities trade.

Dry bulk carrier ownership is fragmented with many owners and operators of shipping tonnage, including independent operators, state-controlled shipping companies and proprietary owners. Vessels utilised for transport of dry bulk cargoes are usually classified into four categories based on their carrying capacity in deadweight tons (DWT) (i) handysize (10,000-39,999 DWT) (ii) handymax/supramax (40,000-59,999 DWT) (iii) panamax (60,000-99,999 DWT) and (iv) capesize (higher than 100,000 DWT).

The shipping industry is highly cyclical, experiencing volatility in profitability, vessel values and charter rates resulting from changes in the supply of and demand for shipping capacity. Fluctuations result from the interaction of various factors between demand and supply. The demand for vessels is influenced by global and regional economic conditions, international trade developments, port congestion, trading routes and weather pattern changes, crop yields, armed conflicts, political developments, embargoes and strikes, demand for consumer goods, dry bulk commodities, and crude oil and oil products.

Supply of shipping capacity is mainly a function of the delivery of new vessels and the number of older vessels scrapped and is also affected, among other factors, by port congestion and regulation of maritime transportation practices by governmental and international authorities.

Dry bulk companies listed on US Exchanges include Diana Shipping (NYSE: DSX), DryShips (NASDAQ: DRYS), Eagle Bulk (NASDAQ: EGLE), Excel Maritime Carriers (NYSE: EXM), Euroseas (NASDAQ: ESEA), FreeSeas (NASDAQ: FREE), Genco Shipping (NYSE: GNK), Navios Maritime (NYSE: NM), OceanFreight (NASDAQ: OCNF), Paragon Shipping (NASDAQ: PRGN), Quintana Maritime (NASDAQ: QMAR), TBS International (NASDAQ: TBSI). Dry bulk companies listed in London include Goldenport (LSE: GPRT), Globus Maritime (AIM: GLBS), Global Oceanic Carriers (AIM: GOC).

Schedule of Capital Link Shipping Forums:

Capital Link is organizing a series of Investor Forums focused on shipping, as follows:

Dry Bulk Analyst Virtual Forum              Wednesday, September 5, 2007
                                               at 11:00 am EDT
Container Analyst Virtual Forum             Tuesday, September 18, 2007
                                               at 11:00 am EDT
Tanker Analyst Virtual Forum                Thursday, September 20, 2007
                                               at 11:00 am EDT
London – Invest in Shipping Forum           Tuesday, December 4, 2007
Dry Bulk CEO Virtual Forum                  Wednesday, January 30, 2008
                                               at 11:00 am EST
New York - 2nd Invest in Shipping Forum     Thursday, March 20, 2008

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.

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