Vessels under Voyage

Vessel Name

Load/Discharge Port

Position

Notes:

VOLGO-DON 5091

Yeisk [Direktoria] Port, Russia.

One main Marmara Sea or Nemrut Bay Port of Turkey.

Arrived Nemrut Bay Port, Turkey April 15, 2006 at 03:40 AM hrs LT TR.

Waiting at anchorage area to berth EGE CELIK PORT.

Loaded 3660,814 MTS A3 Grade Steel Scrap.

B/L dd. 08.04.2006 No. 1

Load Port Inspectors:

ROS-INSPECTORATE, Russia

Discharge Port Inspectors:

INSPECTORATE, Turkey both for the sellers and the buyers.

ST. CLAIR

Rostov-on-Don After Bridge Port, Russia.

One main Black Sea or Marmara Sea or Nemrut Bay Port of Turkey.

Completed loading on April 14, 2006 at 12:00 AM hrs LT RU and sailed.

ETA ERDEMIR, Kdz. Eregli (Black Sea), Port, Turkey April 17, 2006.

Loaded 2936,258 MTS A3 Grade Steel Scrap.

B/L dd. 14.04.2006 No. (1)

Load Port Inspectors:

ROS-INSPECTORATE, Russia

Discharge Port Inspectors:

INSPECTORATE, Turkey for seller.

BALTIC Inspection, Turkey for buyer.

ORINOKO

Astrakhan Port, Strelitsky Terminal, Caspian Sea, Russia.

Bandar Anzali or Amirabad or Nowshahr Port, Caspian Sea, I. R. of Iran Port.

Sailed from Astrakhan Port, Strelitsky Terminal, Caspian Sea, Russia April 14, 2006.

ETA Bandar Anzali Port, I. R. of IRAN April 18, 2006 at 20:00 PM hrs LT.

Loaded 722,680 MTS Cold Rolled Coils as Part Cargo.

B/L dd. 12.04.2006 No: [096].

Load Port Inspectors:

ROS-INSPECTORATE, Russia

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Vessels under Loading / Discharge:

Vessel Name

Load/Discharge Port

Position

Notes:

ARAS - 9

Rostov-on-Don After Bridge Port, Russia.

One main Black Sea or Marmara Sea or Nemrut Bay Port of Turkey.

Berthed to ERDEMIR, Kdz. Eregli (Black Sea), Port, Turkey on April 13, 2006 at 13:00 PM hrs LT TR.

Completed discharge on April 15, 2006 at 03:40 AM hrs LT, TR and sailed.

Loaded 2939,672 MTS A3 Grade Steel Scrap.

B/L dd. 05.04.2006 No. 1

Load Port Inspectors:

ROS-INSPECTORATE, Russia

Discharge Port Inspectors:

INSPECTORATE, Turkey for seller.

BALTIC Inspection, Turkey for buyer.

Discharged Weight:

Draft Survey: 2933.934 MTS. Shortage: 5,738 MTS.

IGARKA

Novorossiysk Port, Black Sea - Russian Federation.

Porto Marghera, Adriatic Port, Italy

Arrived Novorossiysk Port on April 05, 2006 PM hrs.

Started Loading on April 06, 2006.

As by April 09, 2006 at 12:30 AM hrs LT RU, loaded total 11089.380 Metric Tons of Steel Billets.

Shifting and re-berthing completed on April 13, 2006 at 17:00 PM hrs LT, RU..

Completed loading on April 15, 2006 at 06:00 AM hrs LT, RU.

ETS on April 16, 2006 at PM hrs LT RU, WP, AGW.

Booked to load 13000 MTS Steel Billets in size of 125 x 125 x 1100 mm in Grade 3 PS in Bundles of about 6 MTS each.

Booked to load 3000 MTS Wire Rods in Coils of 1200 to 1500 kgs

Loaded Quantity;

• B/L No. (1) 6151.200 MTS Steel Billets.

• B/L No. (2) 4938,180 MTS Steel Billets.

• B/L No. (3) 2959,247 MTS Gross Wire Rods. (2952,884 MTS Net).

Load Port Inspectors:

ROS-INSPECTORATE, Russia

NAUTILUS

Substitution of Resul Rza

Rostov-on-Don After Bridge Port, Russia.

One main Black Sea or Marmara Sea or Nemrut Bay Port of Turkey.

Berthed to Rostov-on-Don (AB) Port April 14, 2006.

As by April 15, 2006 at 08:00 AM hrs LT RU, loaded Quantity: 600 MTS.

Booked to Loaded minimum 2700 MTS up to full and complete cargo capacity A3 Grade Steel Scrap.

C/P dd. 17.03.2006.

Load Port Inspectors:

ROS-INSPECTORATE, Russia

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

Vessel Name

Load/Discharge Port

Position

Notes:

KANOK NAREE

Contrecueur Port & Quebec Port, Canada.

One main Turkish Port.

Lay-Can Contrecueur Port, Canada April 14-17, 2006.

Vessel is expected to sail from Iceland Port to Contrecueur Port as by April 08, 2006 AM hrs LT.

ETA Contrecueur Port April 16, 2006 WP AGW.

Booked to Loaded minimum;

17000 MTS Shredded Scrap

from Contrecueur Port, Canada.

  4000 MTS Bonus Grade Scrap

  9000 MTS HMS-1 Scrap

from Quebec Port, Canada.

up to full and complete cargo capacity.

Load Port Inspectors:

INSPECTORATE, CANADA.

VOLZHSKIY 10

Rostov-on-Don After Bridge Port, Russia.

One main Black Sea or Marmara Sea or Nemrut Bay Port of Turkey.

ETA Rostov-on-Don (AB) Port on April 17-22, 2006 WP, AGW.

Vessel is presently sailing in Black Sea to Kerch Strait, ETA Kerch Strait April 15, 2006 AM hrs LT RU, WP, AGW.

ETA Rostov-on-Don (AB) Port April 16, 2006 at Noon/PM hrs LT RU, WP, AGW.

Booked to Loaded minimum 2900 MTS up to full and complete cargo capacity A3 Grade Steel Scrap.

C/P dd. 10.04.2006.

Load Port Inspectors:

ROS-INSPECTORATE, Russia

ST. CLAIR

Rostov-on-Don After Bridge Port, Russia.

One main Black Sea or Marmara Sea or Nemrut Bay Port of Turkey.

Lay-Can Rostov-on-Don (AB) Port on April 23-27, 2006.

Presently completed loading at Rostov-on-Don Port (AB) under same charterer's account with destination one main Turkish Black Sea Port, with steel scrap cargo.

ETS Rostov-on-Don (AB) Port April 14, 2006 Noon/PM hrs LT RU.

Booked to Loaded minimum 2700 MTS up to full and complete cargo capacity A3 Grade Steel Scrap.

C/P dd. 12.04.2006.

Load Port Inspectors:

ROS-INSPECTORATE, Russia