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Braemer Rebrands Business Divisions

Maritime Activity Reports, Inc.

May 19, 2008

Braemar Shipping Services plans to rename companies within its group to create greater awareness of the breadth of its maritime services. The move will result in the following changes:

• Braemar’s environmental division DV Howells becomes Braemar Howells

• Specialist loss adjusting arm Steege Kingston will be known as Braemar Steege

• Falconer Bryan, the group’s technical survey and marine consultancy services

business, will change to Braemar Falconer.

The name changes become effective today while further re-branding of websites and

corporate literature is scheduled to take place over the coming months. Braemar Shipping Services plc is a leading integrated provider of broking and consultancy services to the shipping industry.

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