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Broström Takes Delivery of Two Product Tankers

Maritime Activity Reports, Inc.

May 22, 2002

As earlier announced Broström has signed a contract to purchase two 14,300 dwt product tankers. The vessels were built 1999 in China with double hull and ice class 1A. The first of the two vessels have been delivered, with the second to be delivered before the end of this month. Both vessels will fly the Swedish flag. The vessels are renamed BRO JUPITER and BRO JUNO respectively and will join Broström's European fleet in order to serve the growing cargo volumes in the contract portfolio Broström has with major companies in the oil and chemical industry. Of Broström's total fleet

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