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MarineProvider Takes Equity in OceanConnect

Maritime Activity Reports, Inc.

January 29, 2002

OceanConnect announced that it has attracted MarineProvider ASA as another new equity partner. The news comes shortly after announcements that Chemoil Corporation and DS Norden AS have acquired equity in OceanConnect, and OceanConnect's acquisition of the Clarksons Bunker Group. "Proven savings combined with personal service is OceanConnect's formula for success. Having seen what OceanConnect can do for ship owners, our board of directors felt that owning equity would strengthen MarineProvider's investment portfolio," MarineProvider CEO Collin Lewis said.

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