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Shaerf Elected Chairman of NYMAR

Maritime Activity Reports, Inc.

January 10, 2008

Peter Shaerf, a Managing Director of investment house AMA Capital Partners LLC, was recently elected the new Chairman of the Board of NYMAR (New York Maritime Inc.). He takes over the reins from Bill Honan of Holland and Knight. In his first week in office, Peter has stated his intent to better market New York as “The Capital for Shipping”.

Peter joined AMA in 2002. He started in the industry over 30 years ago and worked for many years as a shipbroker for container and dry cargo vessels. Peter is also a Director of General Maritime Corp (NYSE), Seaspan Corporation (NYSE), and TBS International (NASDAQ).

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