Marcare Trust News

Exxon Mobil Corp. announced that M/T Kestrel, a new double-hull very large crude oil carrier (VLCC), was delivered for leasing to a Trust established by Marcare Shipping Co., a joint shipping venture among subsidiaries of ExxonMobil, the Onassis Group and Petros J. Goulandris Sons Group. Kestrel, the second of two sister vessels to be leased to the Marcare Trust, will be chartered by International Marine Transportation Limited (IMT), a subsidiary of Exxon Mobil Corporation based in the UK. Kestrel's sister ship, the M/T Hawk, was delivered for leasing on August 25, 2000. The joint venture, in which all three partners hold an equal share, was formed in December 1998. Ulsan, Korea shipyard. The 307,000 dwt Kestrel is 1,100 x 190 x 206 ft.