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Groupe Desgagnes Expands Fleet

Maritime Activity Reports, Inc.

September 23, 1999

Group Desgagnes marked the Canadian registration of a new oil tanker purchased in China - in addition to a Russian vessel purchased in August 1996. Constructed in China at the Qiu Xin shipyard in Shanghai, Maria Desgagnes is a technology-driven double-hulled, ice class 1A, type 2 oil and chemical tanker that can carry 12 types of cargo at once. Featuring a total capacity of 15,570 cu. m. and measuring 394 ft. (120 m) in length, the vessel will be chartered by Petro-Nav for the development of bulk liquid transport side of the business. Groupe Desgagnes also recognized the Canadian registration of M/V Anna Desgagnes (formerly Truskavets), a Russian ship acquired in late 1996. This ice class 1A ship is powered by a 10,330-bhp engine and has a total capacity of 24,935 cu. m.

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