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AFT-Chemoil’s New Barge Christened

Maritime Activity Reports, Inc.

December 13, 2004

AFT-Chemoil’s newest barge, the Amalia, was named in Rotterdam on December 9th.The Amalia will immediately go into operation alongside the Maxima which started service in 2003. Both barges are jointly owned by AFT-Chemoil and Rotterdam barge operator FTS-Hofftrans. The Amalia has a capacity of 4,200 mts while the Maxima’s capacity is 6,745mts. In combination the two barges provide AFT-Chemoil a significant strength in the Rotterdam bunker market. Both barges are ideally suited to the requirements of today’s newest containerships for larger volumes and faster pumping rates.

Using the two barges together AFT-Chemoil can now deliver through one hose connection quantities in excess of 10,000 mts at rates exceeding 1,000 mts per hour.

AFT-Chemoil’s investment in these barges demonstrates its commitment to the ARA bunker market. We look forward to providing an improved level of service to our existing customers and welcoming other customers to a new level of service in the Rotterdam bunker market

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