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Liberian Registry to Open German Doors

Maritime Activity Reports, Inc.

September 9, 2003

The Liberian International Ship & Corporate Registry (LISCR), the U.S.-based company, which operates the Liberian ship register, is to open a new representative office in Hamburg to provide local service to its strategic client base in Germany.

Since Germany is one of the Liberian Registry's largest client bases in terms of both tonnage and numbers of ships, German owners make frequent use of the Liberian Registry's bareboat-charter registration provisions.

Dr. Albrecht Gundermann, who has been chosen to head up LISCR's Hamburg office, is a member of the Hamburg Bar and was most recently a relationship manager in the ship finance department at Commerzbank AG in Hamburg.

Dr. Gundermann will co-operate with Capt. Wolfgang Klose, a Hamburg-based nautical inspector and authorised Liberian Special Agent who will assist with the expansion of the Registry's service

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