Transcript of Product Tanker Forum Panel Discussion With the CEOs of Capital Product Partners, d'Amico International Shipping and Omega Navigation Available at www.CapitalLinkShipping.com; Organized in Cooperation With NASDAQ OMX

• Press Release
• Source: Capital Link Shipping
• On 12:07 pm EST, Wednesday December 3, 2008

NEW YORK, NY--(MARKET WIRE)--Dec 3, 2008 -- The transcript of the panel discussion on the Product Tanker sector is available at www.CapitalLinkShipping.com

Related Quotes Symbol Price Change CPLP 7.63 0.00 {"s" : "cplp,onav","k" : "c10,l10,p20,t10","o" : "","j" : ""}

 
--  Mr. Ioannis Lazaridis, CEO, Capital Product Partners (NasdaqGM:CPLP - News)
--  Mr. Marco Fiori, CEO, d'Amico International Shipping (Milan:DIS.MI - News)
--  Mr. George Kassiotis, CEO, Omega Navigation Enterprises (NasdaqGM:ONAV - News)

participated in a panel discussion on the Product Tanker Shipping sector on Monday, December 1, 2008, moderated by Mr. G. Scott Burk, CFA, Analyst, Ocean Shipping Equity Research, Oppenheimer & Co. Inc. The focus of the discussion was on the trends and fundamentals of the product tanker sector. The discussion covered topics such as demand, supply, freight rates and asset values, valuations, focusing on current trends and the sector's outlook.

The Product Tanker CEO Forum was organized by Capital Link, a New York-based Investor Relations and Financial Communications firm focusing on shipping, in cooperation with NASDAQ OMX.

The transcript of the Product Tanker CEO Forum is available at no cost at www.CapitalLinkShipping.com and anyone interested can request a copy.

Also, there is audio archive of the panel discussion at Capital Link's Shipping website at www.CapitalLinkShipping.com where it remain archived for a period of three months under "Events."

ABOUT PRODUCT TANKER SHIPPING:

Crude oil tankers transport crude oil from oil production and export facilities to oil terminals, storage facilities, pipeline systems and oil refineries internationally.

Product tankers are those tankers that transport refined petroleum products, such as gasoline, diesel, jet fuel and naphtha, from refineries to storage and distribution systems, industrial plants and other consumers, as well as other products such as chemical and vegetable oils.

Product tankers generally range in size from 10,000 to 80,000 dwt, although there are some larger product tankers designed for niche long-haul trades, such as from the Middle East to Japan, Korea and South East Asia. Product tankers generally have cargo-handling systems that are designed to transport several different grades of refined petroleum products simultaneously. These systems include coated cargo tanks that facilitate cleaning between voyages involving different cargoes.

Ice Class tankers are vessels that have been constructed (in compliance with Finnish-Swedish Ice Class Rules) with strengthened hulls, a sufficient level of propulsive power for transit through ice-covered routes and specialized machinery and equipment for cold climates.

ABOUT CAPITAL PRODUCT PARTNERS L.P.

Capital Product Partners L.P. (NasdaqGM:CPLP - News), a Marshall Islands master limited partnership, is an international owner of modern double-hull tankers. Capital Product Partners L.P. owns 18 modern vessels, including 15 MR tankers, two small product tankers and one Suezmax crude oil tanker. All 18 vessels are under medium to long-term charters to BP Shipping Limited, Morgan Stanley Capital Group Inc., Overseas Shipholding Group, Shell International Trading & Shipping Company Ltd., and Trafigura Beheer B.V. For more information about the Partnership, please visit the Company's website: www.capitalpplp.com

ABOUT d'AMICO INTERNATIONAL SHIPPING S.A.

d'Amico International Shipping S.A. (Milan:DIS.MI - News) is a subsidiary of d'Amico Società di Navigazione S.p.A., one of the world's leading privately owned marine transportation companies, and operates in the product tankers sector, comprising vessels that typically carry refined petroleum products, chemical and vegetable oils. d'Amico International Shipping S.A. controls, either through ownership or charter arrangements, a modern, high-tech and double-hulled fleet, ranging from 35,000 and 51,000 deadweight tons. The Company has a history and a long tradition of family enterprise and a worldwide presence with offices in key market maritime centres (London, Dublin, Monaco and Singapore). The Company's shares are listed on the Milan Stock Exchange under the ticker symbol "DIS." For more information please visit the Company's website: www.damicointernationalshipping.com

ABOUT OMEGA NAVIGATION ENTERPRISES, Inc.

Omega Navigation Enterprises, Inc. (NasdaqGM:ONAV - News) is an international provider of global marine transportation services through the ownership and operation of double hull product tankers. The current fleet includes eight double hull product tankers with a carrying capacity of 512,358 dwt which are chartered out under three-year time charters with an average age of less than three years. The company has also announced the signing of shipbuilding contracts to construct and acquire five additional product tankers with a capacity of 37,000 dwt each scheduled for delivery between March 2010 and early in 2011 and two additional product tankers with a capacity of 47,000 dwt the first scheduled for delivery on the second quarter 2009 and the second scheduled for delivery on the third quarter 2010. With the addition of these seven vessels, Omega's fleet will expand to 15 product tankers with a total deadweight capacity of 791,358 dwt. The Company was incorporated in the Marshall Islands in February 2005. Its principal executive offices are located in Piraeus, Greece and it also maintains an office in the United States. Omega Navigation's Class A Common Shares are traded on the NASDAQ National Market under the symbol "ONAV" and are also listed on the Singapore Exchange Securities Trading Limited under the symbol "ONAV 50." For more information, please visit the Company's website at www.omeganavigation.com

ABOUT www.CapitalLinkShipping.com:

Capital Link Shipping is a web based resource whose objective is to facilitate investor knowledge and understanding of shipping and its listed companies, and to facilitate the exchange of information among listed companies, industry participants and investors. The site provides information on the major shipping and stock market indices, as well as on all shipping stocks. It also features industry reports from major industry participants and interviews with CEOs, analysts and other market participants.

The information on the website is not an offer to buy or sell any kind of securities nor does it constitute investment advice of any kind. Capital Link does not represent or warrant the accuracy of the information in this site. The user of the site acknowledges that he/she accesses the information at his/her own risk and cannot hold Capital Link liable for any matter in any way and will use the website in accordance with the Terms and Conditions specified on the website.

The website is operated by Capital Link, a New York-based Investor Relations and Financial Communications firm with a strategic focus on shipping, which serves several shipping listed companies including companies participating in the above in the CEO Product Tanker Forum.

     Contact for Capital Link Shipping:
     Nicolas Bornozis
     President
     Capital Link, Inc.
     230 Park Avenue - Suite 1536
     New York, N.Y. 10169
     Tel. (212) 661-7566
     Fax (212) 661-7526
     E-mail: shippingforum@capitallink.com
     http://www.capitallinkshipping.com
     http://www.capitallink.com