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Gorthon Lines sells Forest Product Carrier

Maritime Activity Reports, Inc.

July 6, 2004

Gorthon Shipping International Bermuda, a wholly-owned subsidiary of Gorthon Lines AB, has sold the forest product carrier Humber Arm on private terms, after a crankshaft breakdown in the main engine.

The vessel was built by Schichau Unterweser AG in 1976 and has a DWT of 7650 mton.

The vessel was delivered to the new owners on July 6, 2004. For further information please contact CEO Lars Petersson, phn +46-42 172700. This press release was brought to you by Hugin Online, distributor of electronic press releases for companies listed on selected European stock exchanges. Address: http://www.huginonline.com/Sweden/GORTB

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