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Fincantieri Delivers Gas Carrier to Carbofin

Maritime Activity Reports, Inc.

November 12, 2003

The gas carrier Marola was delivered on November 9 at the Fincantieri Ancona yard to the commissioning shipping company Carbofin a Telesio group company. Present at the ceremony hosted by Roberto Tana Fincantieri vice-president were Mario Baldassarri deputy minister for the economy, ship owner Stefano Telesio and Ancona deputy mayor Gianni Giaccaglia. God mother was Robyn Enger. Marola which was launched last July is a highly flexible and technically reliable vessel for the transport of petroleum and chemicals in liquid form. It was designed to meet the most advanced international standards for safety and environmental protection and is fitted with four separate tanks in individual holds. Marola is a 24.900 ton vessel, 180 metres long with a beam of 29 metres, height of 18 metres and cargo capacity of 37.300 cubic metres. Speed is 16 knots and the vessel carries a crew of 31. Currently Fincantieri Ancona is completing the car carrier Grande Buenos Aires for Grimaldi-Naples Group and will shortly start work on a cruise ferry for Moby the company owned by Vincenzo Onorato for delivery in summer 2005.

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