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Apex Marine Premieres ABS NS 5 Management System

Maritime Activity Reports, Inc.

September 4, 2003

Apex Marine Ship Management Company, LLC. of New York is the first ship operator to select the new NS 5 fleet management software developed by ABS Nautical Systems LLC (ABS NS).

NS 5 represents a new generation of software that offers enhanced flexibility, more power and even greater ease of use.

As operator of eight handymax size bulk carriers in the international bulk commodity market, Apex has contracted for the NS 5 Maintenance & Repair Module. This module assists with recording all maintenance work performed on a vessel by the crew or outside contractors. Not only does it provide a complete planned machinery and vessel compartment maintenance history, the module is also used to order services within the company.

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