Radiance Shipping Purchases RoLo Cargo Vessel

Friday, December 16, 2005
Radiance Shipping Line, Inc., a newly formed shipping and transportation logistics company based in Palmetto, Florida, is proud to announce the purchase of the ROLO LUZ B. This roll-on, roll off / load on, load off cargo vessel has 740 lane meters of capacity, enabling the transportation of up to 50 freight containers or a combination of freight and vehicles, as well as many other types of cargo. Additionally, the vessel will have the capacity for an additional 132 containers (Lo-Lo). The LUZ B will also have a minimum of 50 refrigeration spaces, further enabling the ship to maximize capacity. The vessel has the ability to accept several different types of cargo including, but not limited to, passenger vehicles, rolling stock, heavy machinery, agriculture equipment, refrigeration containers, trailers, rail vans and pallets. Additional details regarding cargo capacity are available upon request. The LUZ B will call Port Manatee on Florida’s Gulf Coast home and will navigate a weekly route between Tampa Bay and the Port of Progresso, Mexico which is located on the northern tip of the Yucatan Peninsula. The voyage is approximately a 42 hour shuttle each way, leaving Tampa Bay each Tuesday and Progresso on Friday. Total freight between Mexico and the US grew from $90 Billion in 1994 (NAFTA) to $171 Billion in 2000. The value of Florida exports to Mexico grew from $629 million in 1997 to $1.6 Billion in 2000. Tampa Bay, via the Gulf of Mexico, will provide the quickest link from anywhere in Mexico, significantly reducing transit time and providing companies with a much needed, reliable professional cargo vessel to satisfy their shipping needs efficiently and adding more profit to the bottom line.

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