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Chembulk Tankers Celebrates Launch

Maritime Activity Reports, Inc.

June 20, 2007

CHEMBULK MARKS OFFICIAL LAUNCH AT MARITIME INDUSTRY GATHERING Amidst an array of industry supporters, Chembulk Tankers, the 21st Century Chemical Carrier Company, launched the newly formed company at a gathering last week held at the R. Jinishian Gallery in Fairfield, CT. The company-- which was formed in January as an acquisition by CEO Bob Burke and the AMA controlled ACP Fund II—entertained maritime industry luminaries surrounded, appropriately, by maritime art.

The Chembulk fleet currently consists of fifteen 21st Century high specification stainless steel chemical tankers, with another to be delivered next month and three more next year. All the ships were built to accommodate current and future regulations on the environment and safety.

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