Articles of NGO Shipbreaking Platform

Media Alert NGO releases 2011 list of top EU companies sending toxic ships to South Asia
2012-01-16 14:01:12 Shipbreaking

NGO RELEASES LIST OF EU TOXIC SHIPS SENT TO SOUTH ASIA IN 2011 The NGO Shipbreaking Platform calls on the EU Commission to act and prevent toxic waste trade of European end-of-life ships Brussels, 16 January 2012 The NGO Shipbreaking Platform, a coalition of human rights, labour rights and environmental organisations working on the shipbreaking issue, has released its third yearly list of European companies that have sent end-of-life ships to the infamous scrap beaches of South Asia. The European Waste Shipment Regulation which incorporates international law such as the 1989 Basel Convention on the control of transboundary movements of hazardous wastes prohibits European Union Member States from exporting hazardous wastes, including those present in the structure of ships to developing countries. Still, the vast majority of European shipping companies continue to avoid the costs of proper disposal by selling their ships to South Asian breaking yards known for the lack of enforcement of environmental and labour laws, exposing some of the poorest communities to extremely dangerous working conditions and severe pollution. The top 10 European global dumpers in 2011 are[1]: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Greece(100 ships) Norway(24 ships) UK(13 ships) TheNetherlands(12 ships) Germany(11 ships) Italy(9 ships) Cyprus,Switzerland(5 ships each ) Bulgaria,Denmark,Romania(4 ships each) Latvia,Lithuania,Poland,Spain,Sweden(3 ships each) Belgium,Finland,Ireland,Slovenia(1 ship each)

Once more, the listing of European dumpers also highlights the problem of flags of convenience (FOC). Unscrupulous ship-owners have long used FOCs to evade tax rules, licence regulations, safety standards and social requirements for the treatment of crew. Backed by shell companies, joint-ventures and hidden owners, FOCs are also considerable constraints to combating illegal toxic waste dumping as they make it extremely difficult to locate and penalise the real owners of vessels. In 2011, the top five flags used by European companies were so-called flags of convenience as listed by the International Transport Workers Federation, and accounted for 64% of the total (almost two thirds) of flags. These are: 1. 2. 3. 4. 5. Panama(55 times) Liberia(33 times) Bahamas, St Kitts-Nevis (12 times each) Comoros(11 times) Marshall Islands, St Vincent & Grenadines (7 times each)

Pollution and deaths caused by obsolete European ships Each year, approximately 800 ocean ships reach the end of their service life and are broken down to recover steel. Yet only a fraction is handled in a safe, sustainable manner. About 80% of all end-of-life ships are simply run ashore on tidal beaches in developing countries such as Bangladesh, India and Pakistan, where unscrupulous shipbreaking companies exploit minimal enforcement of environmental and safety rules to maximize profits. On the beaches ofSouth Asia, poor and unskilled migrant workers are deployed by the thousands to break down the ships manually, which are often full of toxics such as asbestos, lead, PCBs and heavy metals. Little care is given to worker safety or protection of the environment. The toxics sicken the workers and ravage coastal ecosystems. The muddy sand and shifting grounds of tidal beaches cannot support heavy lifting equipment or safety gear, therefore accidents maim or kill hundreds of workers each year. The statistics are alarming. The European Commission estimates that 40,000 to 1.3 million tonnes toxics (including 3,000 tonnes of asbestos) on board end-of-life vessels are exported each year to South Asia from the EU

alone[2]. In Bangladesh, children under 15 years of age count for 20% of the workforce[3]. There and elsewhere, the total death toll runs into the thousands[4]. Also, miles of protected mangrove trees, essential to ecosystem health and protection from monsoons, are being cut to make way for ships. This and the accompanying poisons from shipbreaking have killed or devastated dozens of aquatic species, destroying also the livelihoods of surrounding fishing communities. The European Commission needs to take action In March 2012, the European Commission is expected to release proposals for better enforcement of laws related to shipbreaking. Since the Commission first announced in 2006 that it would be working on this issue, publishing also a Strategy for better ship dismantling in 2008, no improvement has been made to the current state of play. The NGO Shipbreaking Platform and its coalition members, including organisations based in the largest shipbreaking countries (India, Bangladesh and Pakistan), will continue to actively advocate for a European policy that gives promise of effectively reversing the current trend where end-of-life ships constitute one of the largest streams of toxic waste dumped by European companies in developing countries. More than 100 non-governmental organisations around the world; the UN Special Rapporteur on Human Rights and Toxics; and the European Parliament have voiced their support to the Platforms human rights and environmental objectives to end the dangerous and polluting practice of breaking ships on tidal beaches. Forceful and sustained action at the European level is especially urgent because the global phase-out of single hulled oil tankers and the current backlog of old vessels still in operation mean that the number of retired ships that are sent for breaking is reaching an alltime high. The NGO Shipbreaking Platforms 2011 list shows more than 200 European ships were sent for breaking on the beaches of South Asia last year. [1] Six ships were sent by non-EU based companies that used European flags (twice theCyprus flag and twice the Greek flag; once the British flag and once the Maltese flag). [2] European Commission: Impact Assessment for an EU Strategy for Better Ship Dismantling, SEC(2008)2846 [3] FIDH/YPSA: Childbreaking Yards Child Labour in the Ship Recycling Industry in Bangladesh, 2008 [4] FIDH/Greenpeace: The Human Cost of Breaking Ships , 2005 Contact : Delphine Reuter Communication and Research Assistant NGO Shipbreaking Platform delphine@shipbreakingplatform.org +32 (0) 2 609 44 19 Notes on the list: The European origin of the ships is determined either by their use of a European/EFTA flag (Iceland, Norway, Switzerland, and Liechtenstein) or because the last owner of the ship before the shipbreakers bought it was European-based. We have chosen to use the last beneficial owner of the ship as a reference in all previous reports. As defined by Lloyds List, the beneficial owner "may be the vessel's management company or the trading name of a group, both of which are generally perceived to represent the ultimate owners of the vessel". Therefore when looking at the report both these factors need to be taken into account when considering the data. The only destinations for end-of-life ships taken into account in this report, as for the Platforms previous reports, are Gadani in Pakistan; Alang, Sachana, and Mumbai in India; and Chittagongin Bangladesh. Some ships may be missing from this list, which does not pretend to be exhaustive. Some data are provided by the industry on a voluntary basis. Also, as we only compile ships that were declared dead in 2011, some ships that were sold but not yet broken in 2011 may not be on this list. For example, the ferries of French company SeaFrance, the Czanne and the Renoir, are currently being broken down and therefore cannot yet be counted as dead in 2011. The list was compiled using Lloyds List, Intermodal, Robin des Bois, Equasis, and other relevant sources.

2011 TOP EUROPEAN COMPANIES THAT DUMP THEIR VESSELS ON SOUTH ASIAN BEACHES

Last known

Arrival date at Destination yard

BO's country Beneficial owner Belgium Bulgaria Bulgaria Bulgaria Bulgaria

China Cyprus Cyprus Cyprus Cyprus Cyprus Denmark Denmark Denmark Denmark Finland Germany Germany Germany Germany Germany Germany Germany Germany

Conti-Lines N.V. Government of Bulgaria Rila Government of Bulgaria Slavianka Government of Bulgaria Prianka Varna Shipping & Trading Limited Kalitihi Sea Chinese-Polish Joint Stock Shipping Company (CHIPOLBROK) Jan Dlugosz PnO Shipmanagement Limited Bravo P SMT Shipmanagement & Transport Limited Dove Bulcom Limited Challen Columbia Shipmanagement Limited Cape Vincente Bulcom Limited Pagane K/S Gizan Glory Sea Daisy Dannebrog Rederi AS Charlottenborg Nordana Line AS Naesborg VA/S Dampskibsselskabet Torm Bel Taylor Kristiina Lillbacka Global Freighter HBC Hamburg Bulk Carriers GmbH & Company KG Hamburg Team Hartmann Group Rio Gas Peter Dohle Schiffahrts-KG Kamnik Hapag-Lloyd Aktiengesellschaft Heron Neu Seeschiffahrt GmbH Alster N. John T. Essberger GmbH & Company Elbia Neu Seeschiffahrt GmbH Alfred N. Ost-West-Handel und Schiffahrt GmbHBaltic Carrier MACS Maritime Carrier Shipping GmbH & Company KG Stellenbosch Neu Seeschiffahrt GmbH Ruhr N. MarConsult Schiffahrt GmbH & Company KG ESM Traveller

Name of ship Panama Express

Last flag Belgium Bulgaria Panama Panama St. Vincent & Grenadines

yard Alang, India Gadani, Pakistan Alang, India Alang, India Alang, India

(M/D/Y)

IMO

2/23/2011 8130241 2/10/2011 7607596 6/18/2011 7721316 6/18/2011 7721316 12/24/2011 8511574

Cyprus Panama Bahamas Comoros Liberia Panama Malta Singapore Liberia Comoros Finland Liberia Liberia Singapore St. Kitts-Nevis Liberia Panama Panama St. Vincent & Grenadines

Alang, India Alang, India Chittagong, Bangladesh Alang, India Alang, India Gadani, Pakistan Alang, India Alang, India Alang, India Alang, India Alang, India Gadani, Pakistan Alang, India Alang, India Alang, India Chittagong, Bangladesh Alang, India Chittagong, Bangladesh Alang, India

5/4/2011 8313831 2/20/2011 7610476 5/1/2011 7380746 5/6/2011 7612735 8/11/2011 8911475 9/8/2011 7819412 2/2/2011 7632761 2/23/2011 7813705 5/2/2011 7359553 9/9/2011 8913849 10/5/2011 7528568 3/2/2011 8107567 3/5/2011 8511031 3/9/2011 7507241 3/9/2011 8609254 5/18/2011 8418162 5/19/2011 7702140 6/7/2011 8900438 6/17/2011 7707918

Germany Germany Germany

Marshall Islands Alang, India Chittagong, Liberia Bangladesh Antigua & Barbuda Alang, India

9/28/2011 7701639 10/13/2011 8410108 12/10/2011 8324608

Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece

Sea Wind Maritime S.A. Project Shipping Incorporated Baru Kaha Incorporated Familiar Audit Incorporated Eurotankers Incorporated Seawave Maritime S.A. Seabulk Shipping S.A. The FrangosMoundreas Group Dalnave Navigation Incorporated Narval Shipping Corporation Interunity Management Corporation S.A. Project Shipping Incorporated Project Shipping Incorporated N.J. Vardinoyannis Group Benelux Overseas Incorporated

Star 7 Kapadokia Venetico B. Platres Memphis Rula Star Carrier Avra Eiren

Tanzania Liberia Panama Panama Singapore St. Vincent & Grenadines Panama Panama Tanzania

Alang, India Alang, India Alang, India Gadani, Pakistan Gadani, Pakistan Alang, India Sachana, India Alang, India Alang, India Alang, India Alang, India Alang, India Gadani, Pakistan Gadani, Pakistan Alang, India Alang, India Alang, India Alang, India Alang, India Gadani, Pakistan Alang, India Alang, India Gadani, Pakistan Chittagong, Bangladesh Chittagong, Bangladesh Gadani, Pakistan Gadani, Pakistan Chittagong, Bangladesh Chittagong, Bangladesh Chittagong, Bangladesh

1/5/2011 7637266 1/8/2011 7907776 1/21/2011 7620548 1/22/2011 8907539 1/22/2011 8607804 1/25/2011 7533355 2/4/2011 8125569 2/19/2011 8024521 2/22/2011 7716153 3/2/2011 7708716 3/5/2011 8501737 3/10/2011 8014746 3/15/2011 7907790 3/16/2011 7313640 3/19/2011 7411545 3/20/2011 7400778 3/22/2011 7903275 4/6/2011 7719210 4/7/2011 7358731 4/14/2011 7718242 4/16/2011 7383906 4/16/2011 7383877 4/18/2011 7628356 4/19/2011 7714739 4/21/2011 7926021 4/21/2011 7915632 4/21/2011 9007520 4/22/2011 8001787 4/23/2011 7926019 4/26/2011 7637864

Santa Catarina Cyprus Pioneer Sea Akti N. Attalya Farha Malta Liberia Liberia Saudi Arabia Panama St. Kitts-Nevis Panama Malta St. Kitts-Nevis Malta Liberia Liberia

Bene Niki Caribbean Access Ferries S.A. Express Epaminondas G. Logothetis Pemi G Bulk Corporation Eleana Wavelord Nav. Company Limited Larisa Larus S.A. Constantakopoulos Group Constantakopoulos Group Cyprus Maritime Company Limited The FrangosMoundreas Group Cyprus Maritime Company Limited DND Management Incorporated Sotiria MSC Namibia MSC Sudan

Panamax Ride Cyprus Mana Panama

Cape Cosmos Cyprus Jack D Bahamas Panama St. Vincent & Grenadines Panama Panama

Altomare S.A. Tulin Polembros Shipping Limited Good News The FrangosMoundreas Group Matrix Allseas Marine S.A. Leon I

Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece

Chartworld Shipping Corporation Situs Star Iason Hellenic Shipping Company Limited Galaxy Polembros Shipping Limited Mykonos Blue Ocean Maritime Incorporated Sound Proodos Constantakopoulos Group MSC Sierra Seabulk Shipping S.A. Asian Carrier Caribbean G.M.A. Maritime S.A. Renaissance The Veniamis Group Flag Tom DND Management Incorporated Antoine D. Newport Shipmanagement Limited Svyatoy Andrey Blue Line Shipmanagement S.A. Ocean Camar Chian Spirit Maritime Enterprises Incorporated Nicholas M Anonymos Naftiliaki Etaireia Kritis A.E. Lissos

Malta Comoros Malta Panama Liberia Panama Panama Greece Bahamas Panama

Chittagong, Bangladesh Chittagong, Bangladesh Chittagong, Bangladesh Gadani, Pakistan Alang, India Alang, India Alang, India Gadani, Pakistan Chittagong, Bangladesh Gadani, Pakistan

4/30/2011 8000604 5/2/2011 7527186 5/2/2011 7916595 5/3/2011 8019526 5/4/2011 7383918 5/5/2011 7373731 5/6/2011 8203452 5/7/2011 8028137 5/10/2011 8022511 5/14/2011 7725831 5/15/2011 8609527 5/16/2011 7433452 5/17/2011 7220269 5/25/2011 7910785 5/31/2011 5410236 6/1/2011 8030867 6/2/2011 7501376 6/8/2011 8324103

Chittagong, Marshall Islands Bangladesh St. Vincent & Grenadines Greece Chittagong, Bangladesh Alang, India Gadani, Pakistan Alang, India Alang, India Alang, India Alang, India

Larus S.A. Irida Liberia Seabulk Shipping S.A. Sealo I Panama G Bulk Corporation Eleonora Bahamas Naftomar Shipping & Trading Company Limited Sue Comoros Transmed Shipping Limited Sparrow Liberia Seabulk Shipping S.A. Limmat I Panama Dilek Transport Incorporated Venus Liberia Target Marine S.A. MSC Nefeli Panama Rainbow Shipmanagement S.A. Fratzescos M. Liberia Larus S.A. Pistis Liberia Caribbean G.M.A. Maritime S.A. Fidelity Panama Tsakos Shipping and Trading S.A. Gina Comoros Elmira Shipping and Trading S.A. Emerald Tuvalu Tomazos Shipping Company Limited Kalist Tanzania Chartworld Shipping Corporation Star Zulu Bahamas Conbulk Shipping

Mumbai, India 6/13/2011 7112967 Chittagong, Bangladesh 6/15/2011 7921174 Alang, India 6/15/2011 7930668 Chittagong, Bangladesh Alang, India Alang, India Chittagong, Bangladesh Alang, India Alang, India Gadani, Pakistan 6/16/2011 8000537 7/2/2011 8124266 7/12/2011 8203464 7/12/2011 8719217 7/13/2011 8120674 7/16/2011 7433012 7/18/2011 8401066

Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece

S.A. MSC Bali Marshall Islands Alang, India Transman Shipping Enterprises S.A. MSC Diman Marshall Islands Alang, India Laskaridis Shipping Company Limited Baltic Prosperity Panama Alang, India Thalatta Shipping Management S.A. Island Express Tanzania Alang, India Liberty Management S.A. Handy V Panama Alang, India Adalia Maritime Corporation Phoenix St. Kitts-Nevis Alang, India Quantum Shipping Limited Panos Marshall Islands Alang, India Gregory P. Callimanopulos Gadani, Group of Companies United Lady Liberia Pakistan Cape Gadani, The Veniamis Group Providence Greece Pakistan Gadani, The Veniamis Group Jewel I Greece Pakistan Roswell Navigation Corporation Barents Bay Liberia Alang, India The FrangosChittagong, Moundreas Group La Donna I Panama Bangladesh Noka Shipping Chittagong, Company Limited Florin Panama Bangladesh Celeste Maritime Limited Norton Panama Alang, India Salmar Shipping Limited Gorgona Barbados Alang, India Chittagong, Marine Spirit S.A. Emi S. Liberia Bangladesh Valencia Management Chittagong, Company Royal Panama Bangladesh Chittagong, Epidaurus S.A. Margarita M. Panama Bangladesh GrandUnion Newlead Chittagong, Incorporated Spartounta Liberia Bangladesh The FrangosMoundreas Group Noblesse Panama Alang, India The FrangosChittagong, Moundreas Group Riva Panama Bangladesh Chronos Shipping Company Limited Asphalt Victory Cayman Islands Alang, India North Maritime Gadani, Management S.A. Mentor Panama Pakistan Teamworks International S.A. Asma 1 Panama Alang, India The FrangosChittagong, Moundreas Group Sunrise I Panama Bangladesh Prime Marine Management Gadani, Incorporated Skipjack Marshall Islands Pakistan Laskaridis Shipping Company Limited Caribic Liberia Alang, India Istos Maritime Gadani, Incorporated Meraki Panama Pakistan Liquid Transport Management LimitedLiberator Comoros Alang, India

7/19/2011 7820930 7/22/2011 8204468 7/28/2011 8319093 7/28/2011 7531187 7/29/2011 8209030 8/3/2011 8325420 8/17/2011 8005123 8/20/2011 8910122 8/24/2011 8600571 8/24/2011 8110679 8/27/2011 8313300 8/29/2011 8101991 8/30/2011 7925869 8/31/2011 8116893 9/2/2011 7503506 9/4/2011 8120571 9/11/2011 8313025 9/12/2011 7633076 9/14/2011 8521191 9/16/2011 7626499 9/16/2011 8000525 9/18/2011 8023761 9/19/2011 8112952 9/24/2011 8118592 9/29/2011 8005020 10/7/2011 8615564 10/15/2011 8517023 10/15/2011 7927491 10/26/2011 9037068

Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Greece Ireland Israel Italy Italy Italy Italy Italy Italy Italy Italy Italy Latvia Latvia Latvia Lithuania Lithuania Lithuania

Polembros Shipping Limited Paros Warrior Ion T. Papadimitriou (Tarpon Shipping Company) Tarpon Clipper A.M. Nomikos Transworld Maritime Agencies S.A. Dias Constantakopoulos Group MSC Fado Constantakopoulos Group MSC Tuscany Paralos Maritime Corporation S.A. George Lyras Eurotankers Incorporated Nostos The FrangosMoundreas Group Areti I Elmira Shipping and Trading S.A. Liquid Crystal Transmed Shipping Limited Good Luck Dragnis Group Grand Vision Salmar Shipping Limited Minotaur Laskaridis Shipping Company Limited Omega Bay Celtic Link Ferries Limited Finnforest Ofer Brothers Group Suffolk Grimaldi Group Carmania Napoli Express Deiulemar Shipping S.p.A. Angelo Vittorio Bogazzi & Figli S.p.A. Svyatoy Iakov Vittorio Bogazzi & Figli S.p.A. SV. Serafim Vittorio Bogazzi & Figli S.p.A. Med Salvador BM Shipping Group S.p.A. BM Challenge Grimaldi Group Napoli Venezia Cafiero Mattioli Drummond Group (CA.FI.MA.) Voyager Vittorio Bogazzi & Figli S.p.A. Norwich Aquaship Limited Frost 2 Sia Firma Baltkraft Latvian Shipping Company (LSC) JSC Ships Service Agency Limarko Shipping Company AB Limarko Shipping Company AB Royal Boskalis Cooler Bay Indra Suruga Bay Argo Seda

Liberia Cyprus Hong Kong Malta Hong Kong Greece Liberia Panama Panama Cyprus Liberia Barbados Panama Sweden UK Malta Comoros Panama Panama Panama Panama Comoros Italy Bahamas Liberia St. Vincent & Grenadines Liberia Panama Lithuania Belize

Gadani, Pakistan

10/29/2011 8802222

Mumbai, India 11/1/2011 7813573 Alang, India Alang, India Alang, India Gadani, Pakistan Gadani, Pakistan Alang, India Alang, India Gadani, Pakistan Alang, India Alang, India India Alang, India Alang, India Alang, India Alang, India Alang, India Alang, India Alang, India Alang, India Alang, India Alang, India Alang, India Alang, India Alang, India Alang, India Sachana, India Alang, India Alang, India 11/24/2011 8521177 11/29/2011 7705398 11/30/2011 7718046 12/7/2011 8120753 12/16/2011 8716746 12/18/2011 7710771 12/19/2011 8905177 12/27/2011 8208000 12/30/2011 9005247 12/30/2011 7383360 12/31/2011 8323616 9/10/2011 7528623 3/11/2011 8217910 2/18/2011 8500678 2/22/2011 7930694 5/3/2011 7620627 6/3/2011 7620615 6/4/2011 7519282 7/12/2011 7521522 7/19/2011 8511706 9/30/2011 8110198 11/11/2011 7620603 1/18/2011 7932654 5/16/2011 7818066 9/28/2011 9065168 4/5/2011 8213550 4/20/2011 8506737 9/8/2011 8521816

Netherlands Netherlands Netherlands Netherlands Netherlands Netherlands Netherlands Netherlands Netherlands Netherlands Netherlands Netherlands Norway Norway Norway Norway Norway Norway Norway Norway Norway Norway Norway Norway Norway Norway Norway Norway Norway Norway Norway Norway Norway Norway

Westminster N.V. Seatrade Holding B.V. Seatrade Holding B.V. Kahn Scheepvaart B.V.

Alpha B.

Cyprus

Alang, India Alang, India Alang, India Alang, India Alang, India Alang, India Alang, India Sachana, India Sachana, India Sachana India Alang, India Alang, India Alang, India Alang, India Alang, India Alang, India Alang, India Alang, India Alang, India Alang, India Alang, India Gadani, Pakistan Alang, India

2/1/2011 7904815 3/22/2011 8702824 3/26/2011 8500575 4/7/2011 8110899 6/4/2011 8103755 7/2/2011 8110887 7/3/2011 7800758 7/19/2011 8812813 7/19/2011 8608743 8/1/2011 8511952 10/14/2011 6827967 11/18/2011 8307923 1/28/2011 7912381 2/19/2011 8110552 2/19/2011 7328786 3/4/2011 8016809 3/11/2011 8614039 3/18/2011 4/5/2011 4/18/2011 4/30/2011 8028163 9063902 8702812 8805614

Cape Passero Curacao Fiona Fairy Limousin Express Jumbo Challenger Curacao Comoros Philippines St. Kitts-Nevis Tanzania Curacao Bahamas Bahamas Cyprus Liberia Panama St. Kitts-Nevis Panama Norway Bahamas Norway Bahamas Malta Bahamas Singapore Singapore

Vroon B.V. Kahn Scheepvaart B.V. RMR Shipmanagement B.V. Duana Seatrade Holding B.V. Antigua Seatrade Holding B.V. Asiatic Seatrade Holding B.V. Nostalgic Royal Boskalis Westminster N.V. Cetus Seatrade Holding B.V. Cloudy Bay Salhus Shipping AS Tonar Solvang ASA Posh Kristian Gerhard Jebsen Skipsrederi AS Glory Moon Bergesen Worldwide Limited (BW Group) Berge Frost Green Reefers ASA Green Majestic Champion Shipping AS Champion Green Reefers ASA Green Iceland Green Reefers ASA Green Chapepo Green Reefers ASA Green Neptunic Prosafe AS Odfjell SE Stolt-Nielsens Rederi AS Salhus Shipping AS Champion Shipping AS Lind-Stoneship AS Kristian Gerhard Jebsen Skipsrederi AS Lind-Stoneship AS Madura Jaya Bow Puma Stolt Acacia Casper Champion Pacific Whitewood Alcem Calaca Redwood

5/4/2011 7800796 5/6/2011 8316716 5/6/2011 8512554 5/17/2011 8900294 5/19/2011 8007999 6/2/2011 7403691 6/20/2011 7805382 8/4/2011 7403689 8/20/2011 8906872 8/30/2011 8412675 9/1/2011 7415046 10/14/2011 7410814 10/27/2011 7907257

Cayman Islands Alang, India Norway Alang, India Gadani, Norway Pakistan Gibraltar Alang, India Panama St. Vincent & Grenadines Comoros Norway Malta Gibraltar Norway Alang, India Alang, India Chittagong, Bangladesh Chittagong, Bangladesh Alang, India Alang, India Alang, India

Frontline Limited Breaker Bergesen Worldwide Limited (BW Group) Berge Pacific Th. Jacobsen & Company A/S Riga Sailor Lind-Stoneship AS Weston Taubatkompaniet Pride of A/S Telemark

Norway Norway Poland Poland Poland Romania Romania Romania Romania Russia Slovenia Spain Spain Spain Sweden Sweden Sweden Switzerland Switzerland Switzerland Switzerland Switzerland

Frontline Limited Front Beta Agder Ocean Reefer KS Saramati Liberia Euroafrica Shipping Line Company Limited Szczecin Malta Polska Zegluga Morska (POLSTEAM) Penelope Bahamas Ziemia POLSTEAM Chelminska Liberia Arados Shipping Company S.r.l. Afamia Sun St. Kitts-Nevis Government of Romania Topaz St. Kitts-Nevis Histria Shipmanagement S.r.l. Histria Diamond Liberia Seagate Marine S.r.l.Mwafak Tanzania Murmansk Shipping Company JointStock Company Kapitan Bochek Cyprus Transeuropa Shipping Lines d.o.o.Elegant I St. Kitts-Nevis Lumar S.A. Atlantic Project Malta Boluda Group Scorpius St. Kitts-Nevis Naviera Alvargonzalez S.A. Malaga St. Kitts-Nevis Holy House Shipping AB Tasman Start Barbados Holy House Shipping AB Laura Cook Islands Brax Shipholding Rederi AB Balticum Latvia Mediterranean Shipping Company (MSC) MSC Carole Panama MSC MSC Shaula Panama MSC MSC MSC Beykar Denizcilik ve Gemi Kiralama turizm Nakliyat Petrolculuk Sigorta Acenteleg J.R. Rix & Sons Limited Tropis Shipping Company Limited Union Maritime Limited Phocean Ship Agency Limited Tropis Shipping Company Limited Phocean Ship Agency Limited MSC Alpana MSC Paola MSC Aurelie Panama Panama Panama

Gadani, Marshall Islands Pakistan India Alang, India Mumbai, India Alang, India Sachana, India Gadani, Pakistan Chittagong, Bangladesh Alang, India Alang, India Alang, India Alang, India Alang, India Gadani, Pakistan Alang, India Alang, India Alang, India Chittagong, Bangladesh Alang, India Chittagong, Bangladesh Alang, India Alang, India

12/22/2011 9009358 12/31/2011 8503670 1/8/2011 8302222 5/7/2011 8908870 11/30/2011 8207769 2/3/2011 7412575 2/26/2011 8501189 9/28/2011 8513651 11/26/2011 7420039 9/27/2011 8212946 5/15/2011 7357567 8/16/2011 8811340 8/28/2011 7718632 12/17/2011 7387093 8/11/2011 8221844 9/30/2011 8221832 11/29/2011 7528594 2/4/2011 7906928 3/5/2011 7416856 4/20/2011 7711567 7/14/2011 7416868 10/29/2011 7708950

Turkey UK UK UK UK UK UK

Eylen Harmonia Cape Syros Timat 1 Minos Monterey Miss Kikaki

Malta Moldova Cyprus Nigeria Panama Cyprus Panama

Alang, India Alang, India Gadani, Pakistan Chittagong, Bangladesh Alang, India Alang, India Alang, India

1/13/2011 7917575 2/16/2011 7530884 4/2/2011 7705491 4/19/2011 7912032 5/4/2011 7361142 5/5/2011 7627924 5/6/2011 7411284

UK UK UK UK UK UK UK USA USA

Phocean Ship Agency Limited Embiricos Group Imperial Shipping Limited

Michalakis Falkonera Gala

Malta Liberia Comoros St. Kitts-Nevis Cyprus Liberia Greece Greece Greece

Gadani, Pakistan Chittagong, Bangladesh Alang, India Chittagong, Bangladesh Alang, India Alang, India Alang, India Chittagong, Bangladesh Alang, India

5/26/2011 7517090 6/15/2011 8919336 6/18/2011 7604336 6/21/2011 8131946 9/29/2011 8103262 10/1/2011 8623884 10/2/2011 7917953 7/10/2011 7928122 9/14/2011 8128080

CB Marine Limited Destiny Seven Seas Maritime Limited Alba Ocean Agencies Limited St. Anna Embiricos Group Syros Independence Maritime Agency Incorporated Golden Glow Marinakis Chartering Incorporated Irene