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Rickmers-Linie Secures Tonnage

Maritime Activity Reports, Inc.

June 21, 2004

Rickmers-Linie, the Hamburg based global breakbulk, heavylift and project cargo specialist, has extended the charter parties of three vessels formerly used on its round-the-world service, Bibi, Leon and Merida, for a further three years in order to secure availability of tonnage for its monthly liner service from Europe to the Middle East and India.

All three vessels are now being renamed whilst being drydocked in Shanghai. Bibi has been renamed Rickmers Dubai while Merida will become Rickmers Mumbai and Leon will become Rickmers Chennai.

The first sailing of Rickmers Dubai from Hamburg and Antwerp is scheduled to take place at the beginning of July.

After completion of the new nine-ship fleet for the Round-The-World Pearl String Service, this step marks the company's commitment to another important and promising trade for the transportation of breakbulk, heavylift and project cargoes. The company is confident that with the huge investments in infrastructure and industry taking place in the Gulf area and in India, there will be strong demand for such a service catering for non-containerisable cargo and heavy lifts.

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