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Goltens Secures Agreement with Hanjin

Maritime Activity Reports, Inc.

July 25, 2006

The Goltens Group reached an exclusive, long-term service agreement with Hanjin Shipping. Under the terms of the agreement, Hanjin has named Goltens (Shanghai) as its exclusive engine and repair service provider. In addition to working with Goltens facilities in Shanghai, Hanjin will also have access to service at Goltens workshops in Singapore, Rotterdam, New York, Long Beach, California and other locations in Goltens worldwide network.

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