Oceanfreight Inc. Announces New Charter

OceanFreight Inc., a global provider of seaborne transportation services for both drybulk and energy commodities, today announced a new charter for the recently acquired 180,000DWT, 2005 built capesize vessel. Upon delivery, the vessel will be renamed M/V Montecristo and will commence employment on a time charter for a minimum period of four years at a gross rate of $23,500 per day and a maximum of 8 years at an average gross rate of $24,125 per day for the optional period.