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Grimaldi Group Returns to A&P

Maritime Activity Reports, Inc.

October 25, 2002

As part of the Partnership Agreement between Grimaldi Group, Naples and the U.K.'s A&P Group signed earlier this year, the Italian shipping company recently awarded repair contracts to both A&P Falmouth and A&P Southampton. The 51,714grt RoRo Gran Bretagna, which dry docked in Falmouth, and the 56,642 grt RoRo Grande America which dry docked in Southampton, completed repairs, the work scope including various steel renewals, mechanical overhauls including work to the bow thrusters, drencher system pipe renewals and preparation and painting of the vessels hulls and associated equipment. Both vessels were completed during their scheduled repair periods (12 and 13 days respectively), with the A&P workforce working around the clock to complete on time. Mark Giles, Group Sales Director for A&P commented "This, our second season working with Grimaldi, has confirmed that working together as partners has improved the process of planning, performing the work and cost control for both Grimaldi and A&P."

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