Vessels under Voyage

Vessel Name

Load/Discharge Port

Position

Notes:

EUROMED

Directoria-Yeisk, Azov Sea Port, Russia,

One main Black Sea or Marmara Sea or Nemrut Bay port(s) of Turkey.

Arrived Ege Celik Pier, Nemrut Bay, Aliaga - Izmir Turkey on March 22, 2006 at 00:30 AM hrs LT TR.

ET Starting of discharging on March 22, 2006 at 13:00 PM hrs LT TR WP AGW.

A3 Steel Scrap.

B/L dd. 14.03.2006 No: 1

2828.438 MTS Gross & Net.

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Vessels under Loading / Discharge:

Vessel Name

Load/Discharge Port

Position

Notes:

ESPADA 1 

Novorossiysk Port, Russia

Porto Monfalcone, Italy

Discharging started at March 20, 2006 at 08:00 AM hrs LT IT.

As by March 22, 2006 at 08:00 AM hrs LT IT, total quantity discharged: Abt. 5400 Mts.

ETC of discharge: March 23, 2006 AM/PM hrs LT IT.

Steel Semi-Finished Products packed in bundles of Max: 6 Metric Tons.

B/L dd. March 10, 2006 No: 1 covering 9036,020 Metric Tons of Prime Concast Steel Billets in size:

125 x 125 x 11700 mm (+/- 100 mm).

ONIX

ASTRAKHAN Port, Streletskiy Terminal, Russia.

Bandar Anzali Port, I.R. of IRAN.

Arrived Astrakhan Port, Strel-etsky Terminal on March 21, 2006 at 13:00 PM hrs LT RU.

Started Loading on March 21, 2006 at 15:00 PM hrs LT RU.

Completed loading on March 21, 2006 at 19:00 PM hrs LT RU.

ETS Streletsky Terminal: March 22, 2006 at 08:00 AM hrs LT RU WP, AGW for completion cargo.

Loaded 422,870 MTS Gross / 418.500 MTS Net CRC from Strel-etky Terminal.

Will shift to another terminal to load 3rd Party cargo directly booked by the owners: Completion cargo abt 2100 MTS logs and Timbers.

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Vessel(s) Expected to Arrive Load Port(s) Under our Charter

Vessel Name

Load/Discharge Port

Position

Notes:

FRONT

[EX-NAME AUKUBA]

Azov Port, Azov Sea, Russia.

One main Black Sea or Marmara Sea or Nemrut Bay port(s) of Turkey.

Lay-Can Azov Port March 28-31, 2006.

ETA Azov Port, Russia: March 29, 2006 WP AGW.

Approx. 2700 MTS Iron & Steel Scrap in Grade A3.

ARAS-9

Rostov-on-Don Port (After Bridge), Azov Sea, Russia.

One main Black Sea or Marmara Sea or Nemrut Bay port(s) of Turkey.

Lay-Can Rostov-on-Don Port (After Bridge) March 29 / April 02, 2006.

Sailed from KARABIGA to Rostov-on-Don (After Bridge) Port.

ETA Rostov-on-Don After Bridge Port, Russia: March 25, 2006 WP AGW.

Approx. 2900 MTS Iron & Steel Scrap in Grade A3.

VOLGO-BALT 238

Rostov-on-Don Port (After Bridge), Azov Sea, Russia.

One main Black Sea or Marmara Sea or Nemrut Bay port(s) of Turkey.

Lay-Can Rostov-on-Don Port (After Bridge) March 29 / April 02, 2006.

Sailed from KARABIGA to Rostov-on-Don (After Bridge) Port.

ETA Rostov-on-Don After Bridge Port, Russia: March 25, 2006 WP AGW.

Approx. 2900 MTS Iron & Steel Scrap in Grade A3.

SORMOVSKIY 116

Azov Port (Azov Sea), Russia.

One main Black Sea or Marmara Sea or Nemrut Bay port(s) of Turkey.

Lay-Can Azov Port (Azov Sea) Russia March 26-30, 2006 WP AGW.

Vessel is presently at AZOV - Ship Yard for repairs.

Approx. 2720 MTS Iron & Steel Scrap in Grade A3.

RESUL RZA

or Sub

Sormovskiy or

Omskiy or

V-Balt Type.

Rostov-on-Don Port (After Bridge), Azov Sea, Russia.

One main Black Sea or Marmara Sea or Nemrut Bay port(s) of Turkey.

Lay-Can Rostov-on-Don Port (After Bridge) March 05-10 April, 2006.

Approx. 2720 MTS Iron & Steel Scrap in Grade A3.