OceanFreight Inc. Announces Date for the Release of Third Quarter Results

Monday, October 22, 2007
OceanFreight Inc. (NASDAQ: OCNF), a NASDAQ listed bulk shipping company announced that it will release its results for the third quarter period ended September 30, 2007 after the close of the market in New York on Wednesday, October 24, 2007. The declaration of the Company’s dividend for the third quarter of 2007 will also be announced at that time. On Thursday, October 25, 2007 at 8:00 A.M. EDT, the Company’s management will host a conference call to discuss the results.

Offshore

Canada May Ask Far-offshore Drillers to Pay Extra

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MISC Enters Thai Offshore O&G Market

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Cathelco MGPS for Latest Lamprell-built Jack-up

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Finance

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

European Owners Lead in Buying Up Secondhand Tonnage

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Monjasa Bags Credit Facility from Société Générale

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