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New Managing Director At Schottel

Maritime Activity Reports, Inc.

March 30, 2000

Dr. Detlef Reinsberg was elected the new managing director of Schottel GmbH & Co. in Spay/Rhine, Germany. Reinsberg, who began his career as a financial director with ABB in Manheim, and later with the Fresenius Group in Bad Homburg, will spearhead a group of companies whose main plant reached sales of $61.3 million in 1999.

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