PRESS RELEASE

Capital Ship Management Corp. takes delivery of VLCC Alexander the Great

Athens, Greece, March 29, 2010. Capital Ship Management Corp. took successful delivery of the M/T Alexander the Great, on behalf of Crude Carriers Corp. on Friday, March 26. The M/T Alexander the Great is a very large crude carrier (VLCC) with a deadweight of 297,958 MT, built by Universal Shipbuilding Corporation at the Ariake Shipyard in Japan. The M/T Achilleas, a sister newbuilding VLCC currently under construction at Universal Shipbuilding Corporation in Japan, is expected to be delivered at the end of June 2010.
Capital Ship Management Corp. provides ship management services to NYSE listed Crude Carriers Corp.

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