Oceanfreight Inc. Announces the Results of its 2009 Annual General Meeting of Shareholders

July 17, 2009 - Athens, Greece - OceanFreight Inc. (NASDAQ:OCNF) (the “Company”), a global provider of seaborne transportation services for both drybulk and energy commodities, today announced the official results of its 2009 Annual General Meeting, held on July 13, 2009 at 10:00 a.m. local time in Athens, Greece. The following proposals were approved by the Company’s shareholders:

1. All of the nominees of the Board of Directors were approved to serve until the next Annual General Meeting of Shareholders (the “Proposal One”);

2. The Company’s Amended and Restated Articles of Incorporation were amended to increase authorized common stock from ninety-five million (95,000,000) common shares to one billion (1,000,000,000) common shares (the “Proposal Two”);

3. Ernst & Young (Hellas), Certified Auditors Accountants S.A. was approved as the Company’s independent auditors for the fiscal year ending December 31, 2009 (the “Proposal Three”).

About OceanFreight Inc.
OceanFreight Inc., is an owner and operator of both drybulk and tanker vessels that operate worldwide. As of the day of this release, OceanFreight owns a fleet of 15 vessels comprising of 11 drybulk vessels (3 Capesize, 8 Panamaxes) and 4 crude carrier tankers (1 Suezmax, 3 Aframaxes) with a combined deadweight tonnage of about 1.4 million tons. OceanFreight Inc.'s common stock is listed on the NASDAQ Global Market where it trades under the symbol “OCNF”.

OceanFreight Inc. press release