PRESS RELEASE

Capital Ship Management Corp. takes delivery of VLCC Vessel M/T Achilleas

Athens, Greece, June 25, 2010. Capital Ship Management Corp. took successful delivery today of the M/T Achilleas, on behalf of Crude Carriers Corp. The M/T Achilleas is a very large crude carrier (VLCC) with a deadweight of 297,863 MT, built by Universal Shipbuilding Corporation at the Ariake Shipyard in Japan.
Capital Ship Management Corp. provides ship management services to NYSE listed Crude Carriers Corp.

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