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MAN B&W, Kawasaki Heavy Industries Sign Order

Maritime Activity Reports, Inc.

June 15, 2005

Kawasaki Heavy Industries will build two additional MAN B&W Diesel 7S50MC-C two-stroke main engines for Norway. These engines will power two 43,000 dwt chemical tankers to be built by the Kleven Florø yard for Stolt-Nielsen. The engines will be delivered in February and August 2007 respectively.

The yard order includes a complete propulsion package from MAN B&W Diesel, consisting of the MAN B&W Diesel 7S50MC-C two-stroke main engines, MAN B&W Diesel VBS1560-ODS CP propellers, MAN B&W Diesel Alphatronic 2000 control systems and tunnel gears. Otto H. Fritzner, Chief Executive Officer for Stolt-Nielsen Transportation Group, said “We accepted the yard’s proposal for the propulsion concept, based on two-stoke engines, because it has proved to be simple, reliable and economical. The CPP plant offers enhanced maneuverability and the PTO system, from tunnel gear, increases the overall economy for onboard electricity production. Electricity production with the main engine is always a reliable and economical way for the ship-owner.”

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