SOURCE: Capital Link, Inc.

August 27, 2007 09:00 ET

Barry Parker Interviews the CFO of OceanFreight, Inc. (NASDAQ: OCNF)

NEW YORK, NY--(Marketwire - August 27, 2007) - In an interview with Barry Parker of BDP1 Connect today, James Christodoulou, Chief Financial Officer of OceanFreight, Inc. (NASDAQ: OCNF), discussed the development of OceanFreight and the shipping markets.

The Interview is available through the Capital Link Shipping Website (where it will also remain archived under "Interviews") by clicking on the following link or copying and pasting it in your computer's browser:

www.CapitalLinkShipping.com

About Barry Parker:

Barry Parker is a financial writer and analyst. His articles appear in a number of prominent maritime periodicals including Fairplay, Seatrade, Lloyds Shipping Economist and James Transport Finance.

About OceanFreight, Inc. (www.oceanfreightinc.com)

OceanFreight, Inc. was incorporated on September 11, 2006 and on April 30, 2007 closed its initial public offering. The Company maintains its headquarters in Athens, Greece, and also maintains an office in New York.

OceanFreight, Inc. currently owns and operates a fleet of 7 vessels, consisting of 1 Capesize and 6 Panamax bulk carriers. The company has also entered into an agreement to acquire one additional Panamax bulk carrier with delivery expected in November 2007. Once this acquisition is completed, OceanFreight's fleet of 8 vessels will have a dwt weighted average age of 12 years and a total carrying capacity of approximately 667,000 dwt.

OceanFreight's common shares trade on the NASDAQ Global Market under the symbol "OCNF."

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.

Contact Information