Trading Outlook for OceanFreight Inc. Issued by InvestorSoup.com

October 28, 2009 6:50 AM EDT

DALLAS, Oct. 28, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring OceanFreight Inc. (Nasdaq: OCNF). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.

The investment report on OceanFreight Inc. (Nasdaq: OCNF) should be of particular interest to other shipping companies: United Parcel Service Inc. (NYSE: UPS), Japan Post Holding Co. Ltd. (Pink Sheets: TNTTY), FedEx Corp. (NYSE: FDX) and Eagle Bulk Shipping Inc. (Nasdaq: EGLE).

It is available at: http://www.investorsoup.com/lp/OCNF

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OceanFreight Inc. (OCNF) is a global provider of shipping transportation services. The Company specializes in transporting drybulk cargoes, including such commodities as iron ore, coal, grain and other materials and crude oil cargoes through the ownership and operation of nine drybulk carriers and four tanker vessels.

Message Board Search for OCNF: http://www.boardcentral.com/boards/OCNF

In the report, the analyst notes:

"OCNF generates revenues by charging customers for the transportation of drybulk and crude oil cargoes using the Company's vessels. With the exception of the tanker M/T Olinda, which is employed in the Blue Fin Tankers Inc. spot market pool, the Company employ its drybulk carriers and tankers to reputable charterers primarily pursuant to long-term time charters. As of December 31, 2008, its charters have remaining terms ranging between five months and 41 months. OCNF may employ vessels under spot-market charters in the future. However, OCNF is exposed to the risk of declining drybulk and crude oil rates when operating in the spot market, which may have materially adverse impact on its financial performance.

"OCNF last month 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 eight years at an average gross rate of $24,125 per day for the optional period."

To read the entire report visit: http://www.investorsoup.com/lp/OCNF

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InvestorSoup.com is a small-cap research and investment commentary provider. InvestorSoup.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on InvestorSoup.com, please visit http://www.InvestorSoup.com

InvestorSoup.com Disclosure

InvestorSoup.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. InvestorSoup.com is a Web site wholly owned by BlueWave Advisors, LLC. Please read our report and visit our Web site, InvestorSoup.com, for complete risks and disclosures.

CONTACT:  InvestorSoup.com
          Jeffrey Brown, Editor
          (469)-252-3505
          info@investorsoup.com

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