Arlington Tankers Explores Strategic Alternatives

HAMILTON, Bermuda, June 20  /PRNewswire-FirstCall/ -- Arlington Tankers Ltd. (NYSE:ATB) today announced that it is engaged in a process to review and evaluate strategic alternatives to enhance shareholder value.  These alternatives may include any of the following transactions: the purchase of another company; the sale of the Company; a merger of the Company; other strategic transactions; or the continued execution of the Company's current operating plan.  Arlington has retained Jefferies & Company, Inc. as its financial advisor in connection with this process.

The Company currently has no commitments or agreements with respect to any particular transaction and noted that there can be no assurance that its review of strategic alternatives will result in any transaction.  The Company undertakes no obligation to make any further announcements regarding its strategic alternatives analysis.

About Arlington Tankers

Arlington Tankers Ltd. is an international seaborne transporter of crude oil and petroleum products.  Arlington's fleet consists exclusively of eight modern double-hulled vessels and is one of the youngest tanker fleets in the world, with an average vessel age of approximately 4.5 years.  The fleet consists of two V-MAX tankers, which are specially designed very large crude carriers, two Panamax tankers and four Product tankers.  All of the Company's vessels are employed on long-term time charters.  The Company was incorporated in Bermuda in September 2004.  The Company completed its initial public offering on the New York Stock Exchange on November 10, 2004.

Safe Harbor Statement

This press release contains certain forward-looking statements and information relating to the Company that are based on beliefs of the Company's management as well as assumptions made by the Company and information currently available to the Company, in particular the statements regarding the potential outcomes of the Company's strategic alternatives analysis and the benefits, if any, that such outcomes may provide to shareholders.  When used in this press release, words such as "believe," "intend," "anticipate," "estimate," "project," "forecast," "plan," "potential," "will," "if," "may," "should," and "expect" and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements.  All statements in this document that are not statements of historical fact are forward-looking statements.

The forward-looking statements contained in this press release reflect the Company's current views with respect to future events and are subject to certain risks, uncertainties and assumptions.  Many important factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others: the possibility that the Company may not pay dividends, the possibility that the Company may not enter into a transaction that is beneficial to its shareholders, the possibility that any transaction entered into may not be consummated, the highly cyclical nature of the tanker industry, global demand for oil and oil products, the number of newbuilding deliveries and the scrapping rate of older vessels, terrorist attacks and international hostilities, and compliance costs with environmental laws and regulations.  These and other risks are described in greater detail in the "Risk Factors" section of the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2008, filed with the United States Securities and Exchange Commission.

Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking statements included in this press release.  The Company does not intend, and does not assume any obligation, to update these forward-looking statements.

  Contact:

  Arlington Tankers Ltd.
  Edward Terino, Chief Executive Officer and Chief Financial Officer
  203-221-2765


DATASOURCE: Arlington Tankers Ltd.



CONTACT:  Edward Terino, Chief Executive Officer and Chief Financial

Officer of Arlington Tankers Ltd., [phone]

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