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MacAndrews Upgrades Indian Ocean Service

Maritime Activity Reports, Inc.

March 23, 2006

MacAndrews has upgraded the existing tonnage on its Swahili Express Service, which provides a regular container service between the Indian sub-continent, the Middle East/Gulf and East Africa, with a new vessel. The new ship, MacAndrews SWALA, is 1100 teu capacity and is one of two vessels in the service which has a nine-day sailing frequency and calls at Khor Fakkan, Karachi, Nhava Sheva, Jebel Ali, Dar es Salaam and Mombasa with a 28-day round voyage time. From Nhava Sheva, typical transit times for MacAndrews' Swahili Express Service are three days to Jebel Ali, 10 days to Dar es Salaam and 13 days to Mombasa. Northbound, from Mombasa the service offers a 8-day return transit to Karachi. MacAndrews SWALA is flagged in Panama and was built in 1994. The ship has a deadweight of 15,170 tonnes, a nominal capacity of 1,107 teu (including 100 reefer plugs) and a speed of 18.5 knots. Self-sustained, it is 157.7 meters in length and 21.75 meters in breadth.

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