OceanFreight Inc. Announces Date for the Release of Second Quarter 2011 Results

News Release OceanFreight, Inc. August 22, 2011

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD><TITLE></TITLE>
<META content="text/html; charset=unicode" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.18904"></HEAD>
<BODY>
August 22, 2011 ATHENS, Greece, 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 30, 2011 after the close of the market in New
York on Tuesday, August 23,
2011.
About OceanFreight Inc.
OceanFreight is an owner and operator of drybulk vessels that
operate worldwide. OceanFreight owns a
fleet of six vessels, comprised of six drybulk vessels (four
Capesize and two Panamaxes) and has
contracted to purchase five newbuilding Very Large Ore Carriers
(VLOC) with a combined deadweight
tonnage of about 1.9 million tons.
OceanFreight Inc.'s common stock is listed on the NASDAQ Global
Market where it trades
under the symbol “OCNF”.
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, drydocking 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.</BODY></HTML>