Page 21: of Maritime Logistics Professional Magazine (Q2 2011)

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Svein Elof

Pedersen

CEO, Noah Ship Management “Our optimum size is 35 ships … the intention is to keep this smaller, more manageable. If you have 35 ships or 150 ships, it really doesn’t matter because you’re not making more money, due to the increased top end management costs.”

Maritime Logistics Professional

Maritime Logistics Professional magazine is published six times annually.