OceanFreight Inc. Announces Date for the Release of Second Quarter 2008 Results, Conference Call and Webcast

SOURCE:

OceanFreight Inc.

2008-08-06 15:06:00

OceanFreight Inc. Announces Date for the Release of Second Quarter 2008 Results, Conference Call and Webcast

ATHENS, GREECE–(EMWNews – August 6, 2008) – OceanFreight Inc. (NASDAQ: OCNF), a global

provider of seaborne transportation services, today announced that it will

release its results for the second quarter ended June 30th, 2008 after the

close of the market in New York on Monday, August 11th, 2008. On Tuesday,

August 12th, 2008 at 08:30 A.M. EDT, 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: 1 866 819 7111 (US Toll Free Dial In), 0800

953 0329 (UK Toll Free Dial In) or +44 (0) 1452 542 301 (Standard

International Dial In). Please quote “OceanFreight.”

In case of any problem with the above numbers, please dial 1 866 223 0615

(US Toll Free Dial In), 0800 694 1503 (UK Toll Free Dial In) or +44(0) 1452

586 513 (Standard International Dial In). Quote “OceanFreight.”

A telephonic replay of the conference call will be available until August

19th, 2008 by dialing 1 866 247 4222 (US Toll Free Dial In), 0800 953 1533

(UK Toll Free Dial In) or +44 (0) 1452 550 000 (Standard International Dial

In). Access Code: 7445162#.

Slides and audio webcast:

There will also be a simultaneous live webcast over the Internet through

the OceanFreight Inc. website (www.oceanfreightinc.com). Participants to

the live webcast should register on the website approximately 10 minutes

prior to the start of the webcast.

About OceanFreight Inc.

OceanFreight Inc. is a global provider of seaborne transportation services

through the ownership and operation of vessels in various shipping sectors.

The Company owns a fleet of 11 vessels, consisting of 1 Capesize bulk

carrier, 8 Panamax bulk carriers, 1 Suezmax and 1 Aframax tanker with a

total carrying capacity of approximately 1 million deadweight tons.

The Company’s shares are listed on the NASDAQ Global Select Market and

trade 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 charterhire rates and vessel values, changes in demand

that may affect attitudes of time charterers to scheduled and unscheduled

drydocking, 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 US Securities and Exchange Commission.

Company Contact:
Michael Gregos
Chief Operating Officer
Tel: +30-210-809-0514
E-mail: management@oceanfreightinc.com

Investor Relations/Media:
Nicolas Bornozis
Capital Link, Inc. (New York)
Tel: +1-212-661-7566
E-mail: nbornozis@capitallink.com

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