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Quintana Maritime Takes Delivery of Bulk Carrier

Maritime Activity Reports, Inc.

October 11, 2006

Quintana Maritime Limited has taken delivery of a Panamax bulk carrier, Grain Express, from Metrobulk. Grain Express has a carrying capacity of 76,466 deadweight tons and was built in April 2004 at Tsuneishi, a Japanese shipyard. Inclusive of Grain Express, Quintana Maritime has to date taken delivery of ten vessels out of the total of seventeen vessels it has agreed to acquire from Metrobulk.

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