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Galbraith’s Names New Director

Maritime Activity Reports, Inc.

December 7, 2005

Galbraith's Ltd has expanded its board of directors with the appointment of Terry Parmenter, a highly experienced and well-known dry cargo chartering broker who joined Galbraith's seven years ago from SSY, where he was a senior director. Parmenter will additionally take on the role of Head of Dry Cargo, supported by director James Hall and by Martin Ashford.