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Spec Tec - New Cosco Dalian Contract

Maritime Activity Reports, Inc.

November 17, 2008

Following a contract for the installation of Spec Tec’s AMOS Maintenance & Purchase on 11 newbuilds, Cosco Dalian has decided to continue with the installation of AMOS on 8 additional newbuild tankers in 2009 and 2010.

Cosco Dalian is a fully owned subsidiary of Cosco Group, and is the only company within the Cosco Group in liquid bulk transportation, with 12 VLCCs in operation as well as 28 other Tankers.

James De Vroome, EVP of SpecTec APAC, visited Cosco Dalian and participated in the signing of the contract with Mr. Zhao Jinwen, Director of Technical Department on 6th Nov.

(www.spectec.net)

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