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Royal Olympic Cruises Announces Delivery of the Olympia Explorer

Maritime Activity Reports, Inc.

November 7, 2001

Royal Olympic Cruise Lines Inc. announced today that the, Olympia Explorer, sister ship to Royal Olympic’s Olympia Voyager is expected to reach the port of Piraeus early 2002, which will enable her to perform exciting new itineraries from Venice to Piraeus, Istanbul and the Greek Islands next summer, with Piraeus as an alternative port of embarkation.

Royal Olympic Cruises delegates and representatives from Blohm+Voss Shipyard in Hamburg had a very constructive meeting in Piraeus regarding the delivery of the Olympia Explorer, which was due for delivery in April 2001.

With 28 knots cruising speed, the Olympia Explorer is the only ship, other than Olympia Voyager that is able to perform this itinerary allowing customers the unique experience of visiting eight culturally different ports in just seven days.

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