NOL Elects Deputy Chair And New Directors

Maritime Activity Reports, Inc.

July 13, 2000

NOL has named Cheng Wai Keung as deputy chairman, and has further expanded by appointing Marvin J. Girouard and Dr. Friedbert Malt as non-executive directors.

Keung, who has been with NOL since 1992, has further developed his working knowledge of the company as a member of the executive committee since 1997, while Girouard, the current chairman and CEO of Pier One Imports, and Dr. Malt, a prominent German banker, both bring a wealth of knowledge to NOL's board.

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