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Maher Orders Cranes for the PRPA

Maritime Activity Reports, Inc.

January 26, 2006

Maher Terminals announced that it will exercise its order acknowledgement to ZPMC of Shanghai, China, for three new ultra-post-panamax container cranes for the Prince Rupert container terminal. This follows the Prince Rupert Port Authority’s (PRPA) announcement that it has selected the first major construction contractor in converting the Fairview Terminal at the Port of Prince Rupert into a modern marine container transfer facility. Maher Terminals of Canada Corp, the Canadian operating arm of Maher Terminals, Inc., will manage and operate the container terminal at the Port of Prince Rupert. Maher Terminal’s crane order acknowledgement to ZPMC for the manufacturing and delivery of three ultra-post-panamax cranes will provide the Port of Prince Rupert with amongst the world’s largest container cranes. These cranes, together with other essential container handling equipment, will arrive and be fully commissioned in Prince Rupert to support the target terminal opening in the third quarter of 2007.

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