HAMILTON, BERMUDA--(Marketwire - October 15, 2008) - TBS International Limited (NASDAQ: TBSI) announced today that it will release its results for the third quarter ended September 30, 2008 after the market closes in New York on Thursday, November 6, 2008.

The next day, Friday, November 7, 2008 at 10:00 a.m. EST, the company's management will host a conference call to discuss the results.

Conference call details:

Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1-888-680-0893 (from the US) or 1-617-213-4859 (International Dial In). Participant Passcode: 98996970. The conference call will also be webcast live on the company's website: www.tbsship.com by clicking on the webcast link. Participants may pre-register for the call at https://www.theconferencingservice.com/prereg/key.process?key=P94LGH76Y. Pre-registrants will be issued a PIN number to use when dialing into the live call which will provide quick access to the conference by bypassing the operator upon connection.

Replay:

A telephonic replay of the conference call will be available from 12:00 p.m. EST on Friday, November 7, 2008 until Friday, November 14, 2008 by dialing 1-888-286-8010 (from the US) or 1-617-801-6888 (International Dial In). Access Code: 21011780. A replay of the webcast will be available soon after the completion of the call.

Webcast:

There will also be a live -- and then archived -- slides and audio webcast of the conference call on the company's website www.tbsship.com, which can be accessed by clicking on the webcast link. As soon as practicable, the webcast and the corresponding slides will be archived and will also be accessible on our website.

Forward-Looking Statements "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and observations.

Included among the factors that, in the company's view, could cause actual results to differ materially from the forward-looking statements contained in this press release are the following:

--  changes in demand for the company's services;
--  a material decline or prolonged weakness in rates in the shipping
    market;
--  changes in rules and regulations applicable to the shipping industry,
    including, without limitation, legislation adopted by international
    organizations such as the International Maritime Organization and the
    European Union or by individual countries;
--  actions taken by regulatory authorities;
--  changes in trading patterns significantly impacting overall vessel
    tonnage requirements;
--  changes in the typical seasonal variations in charter rates;
--  increases in costs, including changes in production of or demand for
    oil and petroleum products, crew wages, insurance, provisions, repairs and
    maintenance, generally or in particular regions;
--  changes in general domestic and international political conditions;
--  changes in the condition of the company's vessels or applicable
    maintenance or regulatory standards, which may affect, among other things,
    the company's anticipated drydocking or maintenance and repair costs;
--  increase in the cost of our drydocking program or delays in our
    anticipated drydocking schedule;
--  China Communications Construction Company Ltd./ Nantong Yahua
    Shipbuilding Co., Ltd.'s ability to complete and deliver the vessels on the
    anticipated schedule and the ability of the parties to satisfy the
    conditions in the shipbuilding agreements; and
--  other factors listed from time to time in the company's filings with
    the Securities and Exchange Commission, including, without limitation, its
    Annual Report on Form 10-K for the period ended December 31, 2007 and its
    subsequent reports on Form 10-Q and Form 8-K.
    

About TBS International Limited

TBS is an ocean transportation services company that offers worldwide shipping solutions through liner, parcel and bulk services, and vessel chartering. TBS has developed its business around key trade routes between Latin America and China, Japan and South Korea, as well as select ports in North America, Africa, the Caribbean and the Middle East. TBS adds value by offering its customers the TBS "5 Star Service": ocean transportation, operations, logistics, port services and strategic planning.

Visit our website at www.tbsship.com.

Contact Information: For more information, please contact: Company Contact: Ferdinand V. Lepere Executive Vice President and Chief Financial Officer TBS International Limited Tel. 914-961-1000 InvestorRequest@tbsship.com Investor Relations / Media: Nicolas Bornozis Capital Link, Inc. New York Tel. 212-661-7566 E-mail: nbornozis@capitallink.com