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Campbell Shipping, Heavy Industry Agreement

Maritime Activity Reports, Inc.

March 8, 2010

Bahamian shipowners Campbell Shipping Ltd. signed an order with Zhong Chuan Heavy Industry Shipbuilding Co. Ltd. of Zhoushan for two 32,000 dwt double-hull bulk carriers, with an option for two more. These ships, which will be classed by ABS and fly the Bahamas flag, are to have 600 ft length overall, with a 92 ft beam, a scantling draft of 33 ft and a service speed of 14 knots. Their prime movers will be MAN B&W 6S46MC-C8 diesels, making them among the first vessels to order MAN’s new Tier-II compliant engines.

The vessels are being built to the Transporter series design developed by Nassau-based Algoship Designers, with basic, classification and production designs produced by Smart Engineering and Design Solutions Ltd. (SEDS), an engineering firm with offices in Nassau, Bahamas and Kochi, India. Both companies are affiliates of the GTR Campbell Marine Consultants (GTRC), which will be providing project management services in the shipyard.

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