Capital Ship Management Corp. voted 'Tanker Company of the Year' at the 2009 Lloyd's List Greek Shipping Awards

Athens, Greece, December 8, 2009 - Capital Ship Management Corp. was selected as "Tanker Company of the Year 2009" at the annual Lloyd’s List Greek Shipping Awards that took place in Athens on December 4, 2009. The company, which manages a fleet of 27 vessels, implemented new quality standards throughout its operations during 2009, as well as business continuity management principles, and received the Lloyd's Register certification for its Integrated Management System, both contributing factors to its winning this award.

Capital Ship Management Corp. was also commended for the performance of its managed vessels, two of which topped the BP’s ranking of top performing vessels in its time-chartered fleet for a second consecutive year.

Mr Evangelos Marinakis, the CEO of its affiliated company, Capital Maritime & Trading Corp., upon receiving the award made the following remarks: "This award belongs to the employees in all our offices around the world who have worked hard throughout the years to achieve this distinction. Ιt belongs to our crews and their excellent performance, who daily face challenges and adverse conditions on board our vessels and to all our business associates and friends in the shipping world who have supported us throughout the years and have been instrumental to us being voted 'Tanker Company of the Year'."