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930-TEU Ship Joins Indian Ocean Service

Maritime Activity Reports, Inc.

July 11, 2005

MacAndrews is set to add the 930 TEU Cape Bonavista to its Swahili Express Service which provides a fixed-day fortnightly service between the Indian sub-continent, the Middle East/Gulf and East Africa.

Serving alongside CMA CGM Karibu, Cape Bonavista replaces Hanseduo in the service which calls at Karachi, Nhava Sheva, Jebel Ali, Dar es Salaam, Mombasa and Karachi with a 28-day round voyage time.

With 80 reefer plugs, Cape Bonavista will support MacAndrews' increasing commitment to carrying fresh produce in refrigerated units.

"Creating a homogenous vessel fleet for our Swahili Express service has been a priority. Cape Bonavista is a faster ship that will help us ensure schedule integrity on the service,” said Jim Robb, General Manager, Indian Trades. "Our Swahili Express service is only six months old but has already established a strong market position and enabled us to capitalize on the significant growth in trade that is being seen between the Indian sub-continent, the Middle East and East Africa.”

Cape Bonavista is flagged in Cyprus and was built in 1992. The 10,2000-dwt ship has a nominal capacity of 930 teu (including 80 reefer plugs) and a cruising speed of 16.5 knots.

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