SOURCE: Capital Link, Inc.

November 21, 2007 14:05 ET

CEOs of DryShips, Excel Maritime and TBS International to Discuss Developments of the Dry Bulk Shipping Sector

Monday, November 26, 2007 - 11:00 am EST - 4:00 pm GMT; Live Audio Webcast at

NEW YORK, NY--(Marketwire - November 21, 2007) - The CEOs of

-- DryShips (NASDAQ: DRYS), George Economou,

-- Excel Maritime Carriers (NYSE: EXM), Christopher Georgakis and

-- TBS International (NASDAQ: TBSI), Joseph Royce

-- will participate in a Virtual Panel discussion on the dry bulk shipping sector on Monday, November 26, 2007 at 11:00 am EST.

-- Natasha Boyden, Senior Vice President, Equity Research at Cantor Fitzgerald will moderate the panel discussion.

The Dry Bulk CEO Virtual Forum is organized by Capital Link, a New York-based Investor Relations and Financial Communications firm with strategic focus on shipping.


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

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


The panel discussion will be moderated by Natasha Boyden, Senior Vice President, Equity Research at Cantor Fitzgerald. The focus of the discussion (and the Q&A) will be on sector trends, fundamentals and outlook, as opposed to specific companies.


Participants can submit questions to the CEOs prior to or during the event through the special event page at


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

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.


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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