SOURCE: TBS International Limited

TBS International Limited

February 26, 2009 16:47 ET

TBS International Limited Announces Dates for the Release of the Fourth Quarter and Full Year 2008 Results, Conference Call and Webcast

Earnings Release: Wednesday, March 11, 2009 After Close of the Market; Conference Call: Thursday, March 12, 2009, at 10:00 a.m. ET

HAMILTON, BERMUDA--(Marketwire - February 26, 2009) - TBS International Limited (NASDAQ: TBSI) announced today that it will release its results for the fourth quarter and full year ended December 31, 2008 after the market closes in New York on Wednesday, March 11, 2009.

The next day, Thursday, March 12, 2009 at 10:00 a.m. ET, the company's management will host a conference call to discuss the results.

Conference call details:

Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1-888-679-8035 (from the US) or 1-617-213-4848 (International Dial In). Participant Passcode: 20744194. Participants may pre-register for the call at https://www.theconferencingservice.com/prereg/key.process?key=PHJ3BGG6H. Pre-registrants will be issued a PIN number to use when dialing into the live call which will provide quick access to the conference by bypassing the operator upon connection.

Replay:

A telephonic replay of the conference call will be available from 1:00 p.m. ET on Thursday, March 12, 2009 until Thursday, March 19, 2009 by dialing 1-888-286-8010 (from the US) or 1-617-801-6888 (International Dial In). Access Code: 71192492. A replay of the webcast will be available soon after the completion of the call.

Webcast:

There will also be a live -- and then archived -- slides and audio webcast of the conference call on the company's website www.tbsship.com, which can be accessed by clicking on the webcast link. As soon as practicable, the webcast and the corresponding slides will be archived and will also be accessible on our website.

Forward Looking Statements "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and observations.

Included among the factors that, in the company's view, could cause actual results to differ materially from the forward looking statements contained in this press release are the following:

-- changes in demand for the company's services, which are increasingly difficult to predict due to the current economic downturn and the widespread reduction of business activity generally;

-- a material decline or prolonged weakness in rates in the shipping market, which may occur if current the economic downturn results in a long-term global recession;

-- changes in rules and regulations applicable to the shipping industry, including, without limitation, legislation adopted by international organizations such as the International Maritime Organization and the European Union or by individual countries;

-- actions taken by regulatory authorities;

-- changes in trading patterns significantly impacting overall vessel tonnage requirements;

-- changes in the typical seasonal variations in charter rates;

-- increases in costs, including changes in production of or demand for oil and petroleum products, crew wages, insurance, provisions, repairs and maintenance, generally or in particular regions;

-- the risk that financial counterparties will default;

-- changes in general domestic and international political conditions;

-- changes in the condition of the company's vessels or applicable maintenance or regulatory standards, which may affect, among other things, the company's anticipated drydocking or maintenance and repair costs;

-- increase in the cost of our drydocking program or delays in our anticipated drydocking schedule;

-- China Communications Construction Company Ltd./ Nantong Yahua Shipbuilding Co., Ltd.'s ability to complete and deliver the vessels on the anticipated schedule and the ability of the parties to satisfy the conditions in the shipbuilding agreements; and

-- other factors listed from time to time in the company's filings with the Securities and Exchange Commission, including, without limitation, its Annual Report on Form 10-K for the period ended December 31, 2007 and its subsequent reports on Form 10-Q and Form 8-K.

About TBS International Limited

TBS is an ocean transportation services company that offers worldwide shipping solutions through liner, parcel and bulk services, and vessel chartering. TBS has developed its business around key trade routes between Latin America and China, Japan and South Korea, as well as select ports in North America, Africa, the Caribbean and the Middle East. TBS adds value by offering its customers the TBS "5 Star Service": ocean transportation, operations, logistics, port services and strategic planning.

Visit our website at www.tbsship.com

Contact Information

  • For more information, please contact:

    Company Contact:
    Ferdinand V. Lepere
    Executive Vice President and Chief Financial Officer
    TBS International Limited
    Tel. 914-961-1000
    InvestorRequest@tbsship.com

    Investor Relations / Media:
    Nicolas Bornozis
    Capital Link, Inc. New York
    Tel. 212-661-7566
    E-mail: nbornozis@capitallink.com