Contact Information: Investor Relations/Media: Nicolas Bornozis Capital Link, Inc. (New York) Tel: +1-212-661-7566 E-mail: oceanfreight@capitallink.com
OceanFreight Inc. to Present at the Oppenheimer 4th Annual Industrials Conference
| Source: OceanFreight Inc.
ATHENS, GREECE--(Marketwire - November 13, 2009) - OceanFreight Inc. (NASDAQ : OCNF ), a global
provider of marine transportation services, today announced that Mr.
Demetris Nenes, Vice President of OceanFreight, will be presenting at the
Oppenheimer 4th Annual Industrials Conference in New York City on Tuesday,
November 17, 2009.
A PDF version of the slide presentation will also be available on the
OceanFreight Inc. corporate website at www.oceanfreightinc.com in the
Investor Relations section.
About OceanFreight Inc.
OceanFreight Inc., is an owner and operator of both dry bulk and tanker
vessels that operate worldwide. As of the date of this release,
OceanFreight owns a fleet of 12 vessels, comprised of 8 dry bulk vessels (2
Capesize, 6 Panamaxes) and 4 crude carrier tankers (1 Suezmax, 3 Aframaxes)
with a combined deadweight tonnage of about 1.22 million tons.
The company has agreed to acquire two Capesize dry bulk vessels and upon
the delivery of these vessels to OceanFreight, its fleet will consist of 14
vessels, comprised of 10 dry bulk carriers (4 Capesizes, 6 Panamaxes) and 4
tankers (1 Suezmax, 3 Aframaxes) with a combined deadweight tonnage of
approximately 1.6 million tons.
OceanFreight Inc.'s common stock is listed on the NASDAQ Global Market
where it trades under the symbol "OCNF." Visit our website at
www.oceanfreightinc.com.
Forward-Looking Statement
Matters discussed in this release may constitute forward-looking
statements. Forward-looking statements reflect our current views with
respect to future events and financial performance and may include
statements concerning plans, objectives, goals, strategies, future events
or performance, and underlying assumptions and other statements, which are
other than statements of historical facts.
The forward-looking statements in this release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, management's examination of historical
operating trends, data contained in our records and other data available
from third parties. Although OceanFreight Inc. believes that these
assumptions were reasonable when made, because these assumptions are
inherently subject to significant uncertainties and contingencies which are
difficult or impossible to predict and are beyond our control, OceanFreight
Inc. cannot assure you that it will achieve or accomplish these
expectations, beliefs or projections.
Important factors that, in our view, could cause actual results to differ
materially from those discussed in the forward-looking statements include
the strength of world economies and currencies, general market conditions,
including changes in charter hire rates and vessel values, changes in
demand that may affect attitudes of time charterers to scheduled and
unscheduled dry-docking, changes in OceanFreight Inc.'s operating expenses,
including bunker prices, dry-docking and insurance costs, or actions taken
by regulatory authorities, potential liability from pending or future
litigation, domestic and international political conditions, potential
disruption of shipping routes due to accidents and political events or acts
by terrorists.
Risks and uncertainties are further described in reports filed by
OceanFreight Inc. with the U.S. Securities and Exchange Commission.