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Containerships Group Welcomes FESCO Statement

Maritime Activity Reports, Inc.

May 1, 2007

FINLAND-based door-to-door short-sea operator Containerships Group has welcomed a public statement by FESCO which clearly states that it is not involved in any attempts to purchase the Containerships Group or the Moby Dick terminal used by Containerships Group in St Petersburg.

Sigurjon Markusson, managing director of Containerships Group says, "We welcome and fully accept the statement by FESCO that they have not been looking at buying our group, and that statements attributed to them in the Russian press were made up by journalists. We also welcome and accept their clarification that they are not involved in the harassment suffered by our terminal operators in St Petersburg."