Crude Carriers to Participate at Capital Link's 4th Annual Invest in Shipping Conference in New York City

ATHENS, GREECE--(Marketwire - March 23, 2010) -  Crude Carriers Corp. (NYSE: CRU), a tanker company focusing on the maritime transportation of crude oil cargoes, announced today that Mr. Evangelos Marinakis, the Company's Chairman and Chief Executive Officer, will participate on the Tanker Sector Panel at Capital Link's 4^th Annual Invest in Shipping Conference, which is scheduled for Thursday, March 25, 2010 in New York City. The Tanker Panel which will discuss the developments and outlook of tanker shipping is scheduled for 2:30 pm that day.

About Crude Carriers Corp.

Crude Carriers Corp. (NYSE: CRU) is a newly formed Marshall Islands corporation focusing on the maritime transportation of crude oil cargoes. The company's common shares trade on The New York Stock Exchange under the symbol "CRU."

Contact Information:

For further information please contact:

Company contacts:

Ioannis Lazaridis, President
+30 (210) 4584 950
i.lazaridis@crudecarrierscorp.com

Jerry Kalogiratos, CFO
+30 (210) 4584 950
j.kalogiratos@crudecarrierscorp.com

Investor Relations / Media:

Nicolas Bornozis, President
Capital Link, Inc.
230 Park Avenue - Suite 1536
New York, NY 10160, USA
Tel: (212) 661-7566
Fax: (212) 661-7526
E-mail: crudecarriers@capitallink.com
www.capitallink.com