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SHIP SALES

Maritime Activity Reports, Inc.

January 24, 2001

Shipsales

Some of these sales may not be final – (Reuters) . BULKERS

Western Team - (built 1984) 43,296 dwt sold to Greek buyers for $6.9 million.

Lara - (built 1985) 8,517 dwt sold to Italian buyers for $2.1 million.

Lady Danielle - (built 1978) 21,310 dwt sold to U.S. based buyers for $1.4 million.

SOLD FOR DEMOLITION

BULKERS

Hellenic Confidence - (built 1977) 17,616 dwt sold for $192 per light displacement tonne delivery India.

TWEENDECKER

Evermore Clear - (built 1978) 15,757 dwt sold for $176 per light displacement tonne delivery India.

VEHICLE CARRIERS

Vittoriosa - (built 1976) 7,322 dwt sold for $186 per light displacement tonne delivery India.

Shipsales

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