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First Ship with LRIT Compliance

Maritime Activity Reports, Inc.

August 7, 2008

International Tanker Management (ITM) managed and Marshall Islands flagged tankers MT PORT LOUIS, MT ALTIUS and the bulker MV PORT MELBOURNE reported that they have became the first vessels to be officially issued with LRIT Conformance Test Report Certification following the successful shipborne equipment conformance testing of the vessels’ Inmarsat C equipment.

The event marks a milestone in the development of LRIT.  ITM has been participating with the on the development of LRIT and in particular with the development of the LRIT shipborne equipment testing. The completion of the first LRIT conformance tests show the high quality and innovative operational standards of the ITM fleet.

Lars Modin, Managing Director of ITM stated, "We are extremely pleased to be the first operator to be tested and certified under this new legislation. We are now well placed to respond to the demands of our clients and their requirements for LRIT compliance.” He was keen to stress the benefits of testing early using Pole Star’s LRIT conformance test. “Being able to test our equipment early meant we were able to resolve any issues with terminals early. The technical standards of this test combined with the fact that Pole Star is an approved tester for several maritime administrations helped enormously with the planning and management of our vessels, all of which contributes to our commitment to this regulation. With 100,000 terminals to be tested between now and December, we knew we couldn't afford to wait.”

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