ONAV Omega Navigation Enterprises, Inc. (MM)

The senior management of 18 listed shipping companies will participate in sector panel discussions to be held at Capital Link's 2nd Posidonia Analyst & Investor Forum scheduled for June 7, 2010 at the Astir Palace Hotel, in Vouliagmeni, Athens, Greece.

Posidonia Posidonia is the world's largest and most prestigious shipping trade event and it takes place in Greece every two years attracting a significant number of visitors from all over the world. According to industry sources, Posidonia 2010, to be held from June 7-11, is expected to attract nearly 1,800 exhibitors from 86 countries and to be visited by more than 17,000 Greek and foreign industry professionals and government officials, of which 10,000 are expected from abroad.

Greek Shipping a Global Force Greek shipowners are a major force in global shipping controlling more than 20% of the world's merchant fleet by tonnage and Greece itself has a long tradition as a maritime nation. Greek shipowners who compete on a global scale have a track record as astute operators and asset traders. The global shipping and investment community continues to look at the behavior of Greek shipowners during peaks and troughs, as they have been able to prove their success in one of the most significant, difficult and unpredictable professions of the world.

Greek owned shipping is not related to the development of the Greek economy itself but depends on trends in the global commodity and energy markets. Still, shipping is a significant contributor to the Greek economy mainly through the foreign currency inflows it generates and the employment it provides. Piraeus is a major hub for the global shipping business and the industries that service it.

Capital Link's 2nd Posidonia Investor & Analyst day Given the significant number of international investors, analysts and financiers visiting Greece for Posidonia, Capital Link organizes an Investor & Analyst Day during which the senior management of listed shipping companies provides an update and an interactive discussion on the developments and outlook of the various shipping sectors. The panel discussions are sector focused and not company specific.

The target audience includes analysts, investors, financiers, financial and trade media.

Participating Listed Shipping Companies The following companies will participate in the sector panels outlined below:

• Capital Product Partners (NASDAQ: CPLP)
• Crude Carriers Corporation (NYSE: CRU)
• Danaos Corporation (NYSE: DAC)
• DryShips (NASDAQ: DRYS)
• Excel Maritime Carriers (NYSE: EXM)
• Euroseas (NASDAQ: ESEA)
• Globus Maritime Carriers (LSE: GLBS)
• Hellenic Carriers (LSE: HCL)
• Goldenport Holdings (LSE: GPRT)
• OceanFreight (NASDAQ: OCNF)
• Omega Navigation Enterprises (NASDAQ: ONAV)
• Navios Maritime Holdings (NYSE: NM)
• Navios Maritime Partners (NYSE: NMM)
• Paragon Shipping (NYSE: PRGN)
• Safe Bulkers (NYSE: SB)
• Seanergy Maritime Holdings (NASDAQ: SHIP)
• Star Bulk Carriers (NASDAQ: SBLK)
• Tsakos Energy Navigation (NYSE: TNP)

Sector Panels The Forum features panel discussions on dry bulk, tankers, containers and mixed fleet operations, as follows:

10:00 a.m. - 10:40 a.m. Dry Bulk Shipping: Supply and Demand Challenges Moderator: Mr. Emil Yiannopoulos, Partner, Assurance Leader, PricewaterhouseCoopers Panelists: Excel Maritime, Hellenic Carriers, Navios, Seanergy Maritime Holdings

10:45 a.m. - 11:30 a.m. Dry Bulk Shipping: Growth & Consolidation Opportunities Moderator: TBA Panelists: DryShips, Globus Maritime, Safe Bulkers, Star Bulk Carriers, Paragon Shipping

11:35 a.m. - 12: 15 p.m. Tankers (Crude & Products): Sector Developments & Outlook Moderator: Mr. George Cambanis, Senior Partner, Global Shipping Leader, Deloitte, Hadjipavlou, Sofianos & Cambanis Panelists: Capital Product Partners, Crude Carriers, Omega Navigation, Tsakos Energy Navigation

12:15 p.m. - 12:30 p.m. Coffee Break

12:35 p.m. - 1:15 p.m. Containers: Sector Developments & Outlook Moderator: TBA Panelists: Danaos Corporation, Euroseas, Goldenport Holdings

1:15 p.m. - 2:00 p.m. Capturing Opportunities Across Shipping Sectors Moderator: Mrs. Isabella Schidrich, Managing Director, NASDAQ OMX Panelists: Euroseas, Goldenport, OceanFreight

2:00 p.m. Light Buffet Luncheon

An updated Agenda with details on the Forum, the panel structure and moderators, will be released in the near future.

An archive of the panel discussions will be available on the Capital Link Shipping website at www.CapitalLinkShipping.com

Information and Registration Registration is by invitation only. For further information on the Forum, including registration information, please contact Capital Link, as per the information below.

ABOUT CAPITAL LINK Capital Link is a New York-based Advisory, Investor Relations and Financial Communications firm. Among other activities, Capital Link has made a strategic commitment to the shipping industry becoming the largest provider of Investor Relations and Financial Communications services to international shipping companies listed on the US and European Exchanges. Capital Link's headquarters are in New York with a presence in London and Athens. Capital Link is a member of the Baltic Exchange.

In its effort to enhance the information flow to the investment community and contribute to improving investor knowledge of shipping, Capital Link has undertaken a series of initiatives beyond the traditional scope of its investor relations activity, such as operating a web based resource (www.CapitalLinkShipping.com) that provides information on the major shipping and stock market indices, as well as on all shipping stocks; puts together a Weekly Shipping e-Newsletter, organizes sector forums and webinars (www.CapitalLinkWebinars.com), as well as the Capital Link Investor Shipping Forums in New York, Athens and London. It has also developed the Capital Link Maritime Indices (www.MaritimeIndices.com) which track the performance of U.S. listed shipping stocks (CL maritime Index, CL Dry Bulk Index, CL Tanker Index, CL Container Index, CL LNG/LPG Index, CL Mixed Fleet Index, CL Shipping MLP Index - Bloomberg page: CPLI). The Indices are also distributed through the Reuters Newswires and are available on Factset.

For further information, please contact: CAPITAL LINK Nicolas Bornozis & Vincent Tricoli - New York +1 212 661 7566 Olga Bornozi & Maria Chercheletzi - Athens +30 210 6109 800 Annie Evangeli - London + 44 (0) 20 3206 1322 E-mail: shippingforum@capitallink.com www.capitallink.com www.capitallinkshipping.com www.capitallinkforum.com