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Rickmers-Linie Creates Japan Subsidiary

Maritime Activity Reports, Inc.

April 27, 2006

Rickmers-Linie GmbH & Cie KG, the German based global breakbulk, heavy lift and project cargo specialist, will establish its own subsidiary company, RICKMERS (JAPAN) Incorporated in Tokyo effective June 1, 2006.

This step reflects the significance of the Japanese market as well as Rickmers-Linie’s long-term commitment and objectives of providing dedicated services to its Japanese customers and market place.

Rickmers-Linie and its agency partner since 2003, Japan Heavy Lift Inc, have mutually agreed to terminate the existing agency agreement effective May 31, 2006. All business activities handled by Japan Heavy Lift Inc will be transferred to RICKMERS (JAPAN) Inc. Rickmers-Linie would like to thank the management and staff of Japan Heavy Lift for their cooperation and excellent service over the years and wish them all the success in the future.

New office locations as well as the organisational structure will be announced in due course.

Rickmers-Linie offers regular sailings fortnightly from Japan to the United States and destinations in Central America, as well as a monthly westbound service from the USA to Japan.

With more than 170 years to its name, Rickmers-Linie GmbH & Cie KG, based in Hamburg, Germany is one of the world’s leading specialists in the global transportation of breakbulk, heavylift and project cargo by sea.

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