Smith Maritime Group News

K-Sea 1Q Report

The Company also announced that its distribution to unitholders for the first quarter will remain at $.77 per unit, or $3.08 per unit annualized. The distribution will be payable on November 14, 2008 to unitholders of record on November 7, 2008. President and CEO Timothy J. Casey said "Our first quarter results were satisfactory in light of the exceptional developments in the energy markets which disrupted demand in certain of our markets. There were also several factors that affected us which we believe are transitory in nature and which should ease as we progress in fiscal 2009. Our results for the first quarter reflected certain higher…