2nd Tanker Sector Forum

NEW YORK, NY, Jun 29 (MARKET WIRE) --
Senior Management of

-- General Maritime Corporation (NYSE: GMR), Mr. Jeffrey Pribor, CFO,
-- Teekay Tankers (NYSE: TNK), Mr. Peter Evensen, Executive Vice
President
-- Tsakos Energy Navigation (NYSE: TNP), Mr. Nikolas Tsakos, CEO

-- will participate in a Webinar Panel discussion on the tanker
shipping sector on Wednesday, July 1, 2009 at 11:00 am EDT (4:00 pm
London, 5:00 pm Paris, 6:00 pm Athens).

The discussion will be moderated by Mr. Daniel Burk, Senior Equity
Analyst, Clarkson Johnson Rice.

The Tanker Forum is organized by Capital Link, a New York-based Investor
Relations and Financial Communications firm with strategic focus on
shipping in cooperation with NYSE Euronext,

ACCESS TO THE DISCUSSION

The panel discussion can be accessed only through a live audio webcast at
www.CapitalLinkWebinars.com or at Capital Link's Shipping Website
www.CapitalLinkShipping.com.

Participants to the live webcast should register on the website
approximately ten minutes prior to the start of the webcast. Please go to
the above indicated websites to register and access the event.

After the event, the panel discussion will remain archived and accessible
through the same websites indicated above.

PANEL STRUCTURE

The focus of the discussion (and the Q&A) will be only on sector trends
and fundamentals, and not on company specifics or company
recommendations. The discussion will cover four topics: demand, supply,
freight rates and asset values, valuations, focusing on current trends
and the sector's outlook.

QUESTIONS FROM PARTICIPANTS

Participants can submit questions to the panelists prior to or during the
event through the special feature on the event page, or they can email
them to us at questions@CapitalLinkWebinars.com.

TRANSCRIPT

A transcript of the panel discussion will be publicly available at no cost
within approximately 48 hours after the event and those interested can
request it when they register for the event or afterwards through the
event page at websites indicated.

ABOUT TANKER SHIPPING:

A principal function of the tanker sector is to transport crude oil from
oil production and export facilities to oil terminals, storage facilities,
pipeline systems and oil refineries internationally. In addition, tankers
are also involved in the carriage of refined petroleum products, such as
gasoline, diesel, jet fuel and naphtha, from refineries to storage and
distribution systems, industrial plants and other consumers. Tankers
generally are a more cost-effective alternative to pipelines and their
advantages increase over distance. Pipelines are also considered to be
more vulnerable to political instability, sabotage, economic blockade and
the risk of environmental disaster.

There are two principal types of providers of international seaborne
transportation services for crude oil and refined petroleum products:
independent shipowners and end users, such as oil, energy, petrochemical
and trading companies (both private and state-owned). Tonnage controlled
by end users is primarily chartered from independent shipowners under
short-term spot market contracts and long-term time charters, with the
balance being directly owned. The prices for transporting crude oil and
refined petroleum products, which are referred to as tanker charter rates,
are set in highly competitive markets in which both independent and
end-user tonnage participate.

In recent years, the tanker sector has undergone a process of
consolidation that has resulted in greater cooperation between owners and
charterers as both seek greater economic efficiencies and continued
improvements in quality, safety and environmental protection standards.
As a result, oil companies acting as charterers, terminal operators,
shippers and receivers are becoming increasingly selective and rigorous
in their inspection and vetting of vessels and their acceptance of
vessels and operators. Safety and environmental protection has been a
major focus of the tanker industry over the past years. Regulations such
as OPA 90 and IMO have caused tanker owners to take extra care in the
maintenance of their vessels. According to IMO regulation only double
hull tankers will trade as of 2010 with single hull tankers phasing out.

Vessels in the tanker fleet can be divided into categories based on their
size in deadweight tons, or dwt, which is a vessel's capacity for cargo,
fuel, oil, stores and crew measured in metric tons (1,000 kilograms). The
following are the main categories of tankers based on dwt: (1) Very Large
Crude Carriers (VLCCs) -- tankers with capacity of 200,000 dwt and over;
(2) Suezmax tankers -- tankers with capacity ranging from 120,000 to
200,000 dwt; (3) Aframax tankers -- tankers with capacity ranging from
80,000 to 120,000 dwt; (4) Panamax tankers -- tankers with capacity
ranging from 60,000 to 80,000 dwt; (5) Medium Range tankers (MR) --
tankers with capacity ranging from 25,000 to 60,000 dwt, and (6) Small
tankers -- tankers with capacity up to 26,999 dwt. A 300,000 dwt tanker
can carry 2 million barrels of crude oil, while a Suezmax can carry about
1 million barrels and an Aframax between up to about 800,000 barrels.

Tankers that transport refined petroleum products are referred to as
products tankers. Products tankers generally range in size from 10,000 to
80,000 dwt, although there are some larger products tankers designed for
niche long-haul trades, such as from the Middle East to Japan, Korea and
South East Asia. Products tankers generally have cargo-handling systems
that are designed to transport several different grades of refined
petroleum products simultaneously. These systems include coated cargo
tanks that facilitate cleaning between voyages involving different
cargoes.

Ice Class tankers are vessels that have been constructed (in compliance
with Finnish-Swedish Ice Class Rules) with strengthened hulls, a
sufficient level of propulsive power for transit through ice-covered
routes and specialized machinery and equipment for cold climates.

About General Maritime Corporation

General Maritime Corporation is a leading crude and products tanker
company serving principally within the Atlantic basin, which includes
ports in the Caribbean, South and Central America, the United States,
West Africa, the Mediterranean, Europe and the North Sea. General
Maritime also currently operates tankers in other regions including the
Black Sea and Far East. General Maritime owns a fully double-hull fleet
of 31 tankers -- two V-MAX, twelve Aframax, eleven Suezmax tankers, two
Panamax and four Product tankers -- with a total carrying capacity of
approximately 4.0 million dwt.

For further information please visit the company's website at
www.generalmaritimecorp.com

About Teekay Tankers Ltd.

Teekay Tankers Ltd. was formed in December 2007 by Teekay Corporation
(NYSE: TK) as part of its strategy to expand its conventional oil tanker
business. Teekay Tankers currently owns a fleet of nine double-hull
Aframax tankers and two double-hull Suezmax tankers, which an affiliate
of Teekay Corporation manages through a mix of short- or medium-term
fixed-rate time-charter contracts and spot tanker market trading. Teekay
Tankers intends to distribute on a quarterly basis all of its cash
available for distribution, subject to any reserves established by its
board of directors. Teekay Tankers' common stock trades on the New York
Stock Exchange under the symbol "TNK."

For further information please visit the company's website at
www.teekaytankers.com

About Tsakos Energy Navigation

TEN's pro forma fleet consists of 50 vessels of 5.3 million dwt. TEN's
operational fleet consists of 46 vessels all of double-hull design. TEN's
newbuilding program includes four DNA-Aframax crude carriers representing
420,000 dwt.

TEN's balanced fleet profile is reflected in 25 crude tankers ranging from
VLCCs to Aframaxes and 24 product carriers ranging from Aframaxes to
Handysize; complemented by one LNG.

For further information please visit the Company's website at www.tenn.gr

About Capital Link

Capital Link is a New York-based Investor Relations and Financial
Communications firm. Capitalizing on our in-depth knowledge of the
shipping industry and capital markets, Capital Link has made a strategic
commitment to the industry becoming the largest provider of Investor
Relations and Financial Communications services to international shipping
companies listed on the US and European Exchanges. Capital Link's
headquarters are in New York with a presence in London and Athens.

In our effort to enhance the information flow to the investment community
and contribute to improving investor knowledge of shipping, Capital Link
has undertaken a series of initiatives beyond the traditional scope of our
investor relations activity, such as:

-- www.CapitalLinkShipping.com: A web based resource which provides
information on the major shipping and stock market indices, as well as on
all shipping stocks. It also features industry reports from major industry
participants and interviews with CEOs, analysts and other market
participants. The information on the website is not an offer to buy or sell
any kind of securities nor does it constitute investment advice of any
kind. Capital Link does not represent or warrant the accuracy of the
information in this site. The user of the site acknowledges that he/she
accesses the information at his/her own risk and cannot hold Capital Link
liable for any matter in any way and will use the website in accordance
with the Terms and Conditions specified on the website.
-- Weekly Capital Link Shipping eNewsletter: Weekly distribution to an
audience of 35,000 subscribers in US & European shipping investor
community.
-- Sector Forums & Webinars: Periodically, we organize panel discussions
among CEOs and analysts on various shipping sectors (containers, dry bulk,
tankers) and on other topics of interest.
-- Capital Link Investor Shipping Forums: in New York, Athens and London,
which bring together investors, financial advisors, listed companies CEOs,
analysts, and shipping industry participants.

Contact for Capital Link Shipping:
Nicolas Bornozis
President
Capital Link, Inc.
230 Park Avenue
Suite 1536
New York, N.Y. 10169
Tel. (212) 661-7566
Fax (212) 661-7526
E-mail: shipping@capitallink.com
Event Website: http://www.capitallinkwebinars.com
Shipping Portal: http://www.capitallinkshipping.com
Corporate Website: http://www.capitallink.com

Copyright 2009, Market Wire, All rights reserved.

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