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: nbornozis@capitallink.com http://www.capitallinkshipping.com http://www.capitallink.com
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 www.CapitalLinkShipping.com
| Source: Capital Link, Inc.
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.
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 the 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 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.
QUESTIONS FROM PARTICIPANTS
Participants can submit questions to the CEOs 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.
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.