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Romanian Exchange To Auction Ship

Maritime Activity Reports, Inc.

April 6, 2000

Romania's Maritime and Commodities Exchange (BMMMC), in the Black Sea port city of Constanta, will hold an auction to sell a 2,600 dwt ship this month. The auction for the Iosif S bulk carrier had been scheduled for April 21 with a starting price set at $290,000. The shipowner, private local shipping company Iosif S, bought the vessel - previously named Medias - from the state-owned shipping company Romline several years ago.

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