ONAV Omega Navigation Enterprises, Inc. (MM)

The senior management of 19 listed shipping companies participated in sector panel discussions held at Capital Link's 2nd Posidonia Analyst & Investor Forum on June 7, 2010 at the Astir Palace Hotel, in Vouliagmeni, Athens, Greece.

The Audio Archives, a downloadable podcast version as well as the Forum's Journal is accessible at www.CapitalLinkShipping.com or click and post the link below in your computer's browser

http://www.capitallinkforum.com/posidonia/2010/main.html

Sector Panels The Forum featured panel discussions and interaction with the audience on dry bulk, tankers, containers and mixed fleet operations as follows:

Opening Remarks - NYSE Euronext

Dry Bulk Shipping: Supply and Demand Challenges Moderator: PricewaterhouseCoopers Panelists: Excel Maritime Carriers (NYSE: EXM), Hellenic Carriers, (AIM: HCL) Navios Maritime Holdings (NYSE: NM), Navios Maritime Partners (NYSE: NMM), Seanergy Maritime Holdings (NASDAQ: SHIP)

Dry Bulk Shipping: Growth & Consolidation Opportunities Moderator: Fortis Bank Nederland Panelists: DryShips (NASDAQ: DRYS), Globus Maritime (AIM: GLBS), Safe Bulkers (NYSE: SB), Star Bulk Carriers (NASDAQ: SBLK), Paragon Shipping (NYSE: PRGN)

Containers: Sector Developments & Outlook Moderator: Fortis Bank Nederland Panelists: Danaos Corporation (NYSE: DAC), Euroseas (NASDAQ: ESEA), Goldenport Holdings (LSE: GPRT)

Introductory Remarks NASDAQ OMX

Tankers (Crude & Products): Sector Developments & Outlook Moderator: Deloitte, Hadjipavlou, Sofianos & Cambanis Panelists: Capital Product Partners (NASDAQ: CPLP), Crude Carriers Corp. (NYSE: CRU), Omega Navigation Enterprises (NASDAQ: ONAV), Tsakos Energy Navigation (NYSE: TNP)

Capturing Opportunities Across Shipping Sectors Moderator: Houlihan Lokey / Knight Capital Group Panelists: Euroseas (NASDAQ: ESEA), Goldenport Holdings (LSE: GPRT), OceanFreight (NASDAQ: OCNF), TopShips (NASDAQ: TOPS)

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, held from June 7-11, attracted nearly 1,800 exhibitors from 86 countries and was visited by more than 17,000 Greek and foreign industry professionals and government officials, of which 10,000 were 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 continue 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 organized an Investor & Analyst Day during which the senior management of listed shipping companies provided an update and an interactive discussion on the developments and outlook of the various shipping sectors. The panel discussions were sector focused and not company specific.

The Forum was organized in cooperation with NYSE Euronext and NASDAQ OMX.

Global Sponsors The Global Sponsors for the Capital Link Shipping Forums were Fortis Bank Nederland, Lead Sponsor Knight Capital Group, Gold Sponsor Deloitte Hadjipavlou Sofianos & Cambanis, Marshall Islands Registry and PricewaterhouseCoopers, Silver Sponsors The Forum is organized in cooperation with NYSE Euronext and NASDAQ OMX.

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.

www.capitallink.com / www.capitallinkshipping.com / www.capitallinkforum.com

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