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Euronav Appoints New Commercial Manager

Maritime Activity Reports, Inc.

January 10, 2006

The executive committee of Euronav NV announced its appointment of Mr. Jonathan Lee as the Commercial Manager of Euronav NV. Lee joined the company in January 3, 2006, and as commercial manager, will be responsible for the company’s commercial transactions including chartering both in and out, as well as sales and purchases. Lee brings over 20 years of shipping experience and expertise to the Euronav. Prior to joining Euronav, Lee worked with Clarksons and was commercial manager of the Ceres Hellenic Shipping Enterprises, Ltd.

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