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Fratelli Cosulich Mourns Loss of Chairman

Maritime Activity Reports, Inc.

September 11, 2007

Callisto Gerolimich Cosulich, chairman of the multi-faceted shipping group Fratelli Cosulich, passed away on September 5, 2007, at the age of 95. Callisto Cosulich had been group chairman since 1977, when he took over from Mario Cosulich, his cousin. He was still quite active in the business, albeit on a reduced scale, attending the Trieste headquarters of the company every day. Callisto Cosulich was a past president of the Trieste Ship Agents’ Association, as well as a member of the board of the Bank of Italy.

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