Crude Carriers Corp. Announces Delivery of M/T 'Achilleas' and Immediate Employment on Index Linked Voyage Charter

ATHENS, Greece, June 30, 2010 – Crude Carriers Corp. (NYSE: CRU) announced today that on Friday, June 25, 2010, it took successful delivery of the M/T ‘Achilleas’, a Very Large Crude Carrier (“VLCC”) with carrying capacity of 297,863 dwt, from Universal Shipbuilding Corporation at the Ariake Shipyard in Japan. The M/T ‘Achilleas’ was immediately employed on an index related voyage charter with Shell Trading & Shipping Co. linked to the Baltic Dirty Tanker Route 3 (“TD3”) commencing on delivery of the vessel from the shipyard. This arrangement allows Crude Carriers to earn the average of the TD3 spot market index for the duration of the voyage.

About Crude Carriers Corp.
Crude Carriers Corp. (NYSE: CRU) is a Marshall Islands corporation focusing on the maritime transportation of crude oil cargoes. The company’s common shares trade on The New York Stock Exchange under the symbol "CRU".

Crude Carriers Corp.