SOURCE: TBS International Limited

TBS International Limited

November 06, 2009 09:10 ET

TBS International Limited Announces Dates for the Release of the Third Quarter 2009 Results, Conference Call and Webcast

Earnings Release: Monday, November 9, 2009 Before the Market Opens; Conference Call: Tuesday, November 10, 2009, at 10:00 a.m. EST

HAMILTON, BERMUDA--(Marketwire - November 6, 2009) - TBS International Limited (NASDAQ: TBSI) announced today that it will release its results for the third quarter ended September 30, 2009 before the market opens in New York on Monday, November 9, 2009.

The next day, Tuesday, November 10, 2009 at 10:00 a.m. EST, 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: 1-888-713-4213 (from the US) or 1-617-213-4865 (International Dial In). Participant Passcode: 15507133. Participants may pre-register for the call at 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.


A telephonic replay of the conference call will be available from 1:00 p.m. EST on Tuesday, November 10, 2009 until Tuesday, November 17, 2009 by dialing 1-888-286-8010 (from the US) or 1-617-801-6888 (International Dial In). Access Code: 58940943. A replay of the webcast will be available soon after the completion of the call.


There will also be a live -- and then archived -- slides and audio webcast of the conference call on the company's website, 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 decline in rates in the shipping market will continue for a
    prolonged period;
--  the effect of a decline in vessel valuations;
--  the company's ability to maintain financial ratios and satisfy
    financial covenants in its credit facilities;
--  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,
    its anticipated drydocking or maintenance and repair costs;
--  increases in the cost of the company's drydocking program or delays in
    its anticipated drydocking schedule;
--  China Communications Construction Company Ltd./Nantong Yahua
    Shipbuilding Group 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, 2008 and its
    subsequent reports on Form 10-Q and Form 8-K.

About TBS International Limited

TBS is a fully-integrated transportation service company that offers customers the TBS Five Star Service consisting of: ocean transportation, operations, logistics, port services, and strategic planning. TBS offers liner, parcel and bulk services, supported by a fleet of multipurpose tweendeckers and handysize and handymax bulk carriers, including specialized heavy-lift vessels and newbuild tonnage. 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.

Visit our website at

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

    Investor Relations / Media:
    Nicolas Bornozis
    Capital Link, Inc. New York
    Tel. 212-661-7566