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News Release

February 3, 2012

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MOL to Scrap 5 Double Hull Tankers, 30th January 2012

News Release Mitsui O.S.K. Lines, Ltd. (Head Office) February 3, 2012
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lang=EN-US><STRONG>TOKYO</STRONG></SPAN><SPAN><STRONG>, 30<SUP>th</SUP> January
2012</STRONG> &#8212;Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today
announced a decision to scrap five double-hull tankers (four VLCCs, one Suezmax)
by the end of March. Scrapping of two vessels is already completed, and
preparations are under way to start dismantling the other three.</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt" lang=EN-US>All five
tankers were crude carriers launched before 1998. MOL, as one of the world&#8217;s
leading crude oil transport operators, is moving ahead to rejuvenate its fleet,
upgrade the quality of its services, and solidify its position in the market,
where it expects mid- and long-term growth.</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US></SPAN>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>Meanwhile, the vessels will be scrapped at yards that conform to the
&#8220;Guidelines to sell vessels for scrapping from an environmental viewpoint&#8221;
stipulated by MOL*.</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 11pt"
lang=EN-US>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 8pt" lang=EN-US>(*)
&#8220;Guidelines to sell vessels for scrapping from an environmental
viewpoint&#8221;</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 8pt" lang=EN-US>MOL has
monitored scrapping yards to ensure that their environmental practices in
conformity to ISO14001 (or equivalent environmental management standards) and
carefully evaluates their scrapping methods based on its own guidelines for
environmental protection and occupational safety.</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"
lang=EN-US></SPAN>&nbsp;</P><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"
lang=EN-US>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US>[ Profile
of VLCC ]</SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal align=left>
<TABLE
style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 330.6pt; BORDER-COLLAPSE: collapse; BORDER-TOP: medium none; BORDER-RIGHT: medium none"
class=MsoTableGrid border=1 cellSpacing=0 cellPadding=0 width=441>
<TBODY>
<TR>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; WIDTH: 107.5pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #e6e6e6; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=143>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>Name</SPAN></P></TD>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #ece9d8; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; WIDTH: 55.05pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #e6e6e6; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=73>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>Built in</SPAN></P></TD>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #ece9d8; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; WIDTH: 72.3pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #e6e6e6; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=96>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>Flag</SPAN></P></TD>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #ece9d8; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; WIDTH: 95.75pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #e6e6e6; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=128>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>Deadweight tons</SPAN></P></TD></TR>
<TR style="HEIGHT: 10.95pt">
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 107.5pt; PADDING-RIGHT: 5.4pt; HEIGHT: 10.95pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=143>
<P style="TEXT-ALIGN: left; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=left><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>Atlantic Liberty</SPAN></P></TD>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #ece9d8; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 55.05pt; PADDING-RIGHT: 5.4pt; HEIGHT: 10.95pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=73>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>1995</SPAN></P></TD>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #ece9d8; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 72.3pt; PADDING-RIGHT: 5.4pt; HEIGHT: 10.95pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=96>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>Panama</SPAN><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US></SPAN></P></TD>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #ece9d8; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 95.75pt; PADDING-RIGHT: 5.4pt; HEIGHT: 10.95pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=128>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>311,625</SPAN></P></TD></TR>
<TR>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 107.5pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=143>
<P style="TEXT-ALIGN: left; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=left><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>Atlantic Prosperity</SPAN></P></TD>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #ece9d8; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 55.05pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=73>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>1995</SPAN></P></TD>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #ece9d8; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 72.3pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=96>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>Panama</SPAN><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US></SPAN></P></TD>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #ece9d8; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 95.75pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=128>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>311,689</SPAN></P></TD></TR>
<TR>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 107.5pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=143>
<P style="TEXT-ALIGN: left; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=left><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>Minesa</SPAN></P></TD>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #ece9d8; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 55.05pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=73>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>1996</SPAN></P></TD>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #ece9d8; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 72.3pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=96>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>Marshall Is.</SPAN></P></TD>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #ece9d8; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 95.75pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=128>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>267,812</SPAN></P></TD></TR>
<TR>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 107.5pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=143>
<P style="TEXT-ALIGN: left; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=left><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>Rion</SPAN></P></TD>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #ece9d8; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 55.05pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=73>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>1998</SPAN></P></TD>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #ece9d8; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 72.3pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=96>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>Marshall Is.</SPAN></P></TD>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #ece9d8; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 95.75pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=128>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>267,534</SPAN></P></TD></TR></TBODY></TABLE></P></SPAN>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left></SPAN></P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"
lang=EN-US></SPAN>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal
align=left><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US>[ Profile
of Suezmax]</SPAN></P><SPAN style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"
lang=EN-US>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" class=MsoNormal align=left>
<TABLE
style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 330.6pt; BORDER-COLLAPSE: collapse; BORDER-TOP: medium none; BORDER-RIGHT: medium none"
class=MsoTableGrid border=1 cellSpacing=0 cellPadding=0 width=441>
<TBODY>
<TR>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; WIDTH: 107.5pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #e6e6e6; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=143>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>Name</SPAN></P></TD>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #ece9d8; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; WIDTH: 55.05pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #e6e6e6; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=73>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>Built in</SPAN></P></TD>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #ece9d8; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; WIDTH: 72.3pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #e6e6e6; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=96>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>Flag</SPAN></P></TD>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #ece9d8; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; WIDTH: 95.75pt; PADDING-RIGHT: 5.4pt; BACKGROUND: #e6e6e6; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=128>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>Deadweight tons</SPAN></P></TD></TR>
<TR>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 107.5pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=143>
<P style="TEXT-ALIGN: left; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=left><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>Glen Maye</SPAN></P></TD>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #ece9d8; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 55.05pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=73>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>1992</SPAN></P></TD>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #ece9d8; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 72.3pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=96>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>Panama</SPAN><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US></SPAN></P></TD>
<TD
style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: #ece9d8; PADDING-BOTTOM: 0cm; BACKGROUND-COLOR: transparent; PADDING-LEFT: 5.4pt; WIDTH: 95.75pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #ece9d8; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm"
vAlign=top width=128>
<P style="TEXT-ALIGN: center; LINE-HEIGHT: 135%; MARGIN: 0cm 0cm 0pt"
class=MsoNormal align=center><SPAN
style="LINE-HEIGHT: 135%; FONT-FAMILY: Arial; COLOR: black; FONT-SIZE: 9pt"
lang=EN-US>151,850</SPAN></P></TD></TR></TBODY></TABLE></P></SPAN></SPAN></DIV></BODY></HTML>