Page 76: of Maritime Reporter Magazine (June 1989)

Parent Company

Direct Owner

Glasgow Bulk Carriers Co. Ltd.

Granreunion Co.

Intercnt'l Coal Transport Ltd.

International Seaways Inc.

Interocean Tankers Corp.

Island Tanker SA

ITI Shipping SA

Jostelle Shipping Co. Ltd.

Kaigai Shipping Corp.

Loire Carbulk Carriers Inc.

Marina Tanker Corp.

Normar Tanker Corp.

Oleron Tanker SA

Overseas Coal Transport Ltd.

Pluto Tankers Inc.

Saturn Bulk Carriers Inc.

Scanmar Tanker Corp.

Second Aframax Tanker Corp.

Second Products Tankers Inc.

Second United Shipping Corp.

Third United Shipping Corp.

Tiber Carbulk Carriers Inc.

Timor Navigation Ltd.

Trader Shipping Corp.

Venus Tankers SA

Phillips Petroleum Co.

Arctic LNG Transportation Co.

Philtankers Inc.

Polar LNG Shipping Corp.

Sun Company Inc.

Welland Shipping Inc.

Texaco Inc.

Texaco Panama Inc.

Refineria Panama SA

Saudi Int'l Petroleum Carriers

Texaco Canada Ltd.

Texaco Overseas Tankship Ltd.

Texas Commerce Bank N.A. (Trustee)

United Brands Company

Balboa Shipping Co. Inc.

Barrydale Ltd.

Bluestream Ltd.

Fleetway

Skyrama Ltd.

USG Corporation

Gypsum Transportation Ltd.

USX Inc.

Hancock Shipping Co. Ltd.

U.S. Trust Co. of N.Y. (Trustee)

No. Name of Ship Class Where Year Gross Dwt Flag of

Ships Built Built Tons Tons Registry

TRUDY Bulk So. Korea 1985 17,228 29,432 Br. Colonies

REUNION Tanker Japan 1970 103,508 226,953 Liberia

EQUINOX Bulk So. Korea 1982 76,449 138,500 Br.Colonies

CONTINENTAL CARRIER Bulk Japan 1977 14,925 26,450 Liberia

SOUTHERN LION Tanker Japan 1975 126,850 269,085 Liberia

SHIRLEY Tanker Japan 1975 60,815 130,286 Panama

RUTH M. Tanker Japan 1975 60,815 130,257 Panama

JOSTELLE Bulk W. Germany 1975 63,863 122,970 Br. Colonies

JARRAH Ore/Oil Japan 1974 82,786 164,990 Liberia

ARGUS TRAVELER Bulk Japan 1975 20,515 33,013 Liberia

MARY ANN Tanker Japan 1986 38,241 64,239 Liberia

JUPITER Tanker Sweden 1975 18,269 32,116 Liberia

VESTA Tanker So. Korea 1980 42,048 81,282 Panama

ESPLANADE Bulk So. Korea 1982 76,449 138,500 Br. Colonies

PLUTO Tanker So. Korea 1981 18,402 31,303 Liberia

SATURN Bulk So. Korea 1980 31,243 62,212 Liberia

MERCURY Tanker Sweden 1974 18,269 32,116 Liberia

ELIANE Tanker Poland 1987 52,524 84,323 Liberia

SUZANNE Tanker So. Korea 1986 36,512 65,000 Liberia

NORTHERN LION Tanker Japan 1974 126,851 269,077 Liberia

EASTERN LION Tanker Japan 1973 126,796 269,164 Liberia

ARGUS EXPLORER Bulk Japan 1975 20,513 33,047 Liberia

NORTHERN LIGHT Bulk So. Korea 1981 31,007 65,592 Liberia

ESPERANZA Bulk Japan 1973 31,814 66,136 Liberia

VENUS V Tanker So. Korea 1981 42,048 81,283 Panama 7 284,510 514,046 1 ARCTIC TOKYO LNG Tanker Sweden 1969 44,089 32,878 Liberia 5 196,332 448,290

PHILLIPS ARKANSAS Tanker Japan 1980 26,974 54,026 Liberia

PHILLIPS ENTERPRISE Tanker Sweden 1973 88,439 232,112 Liberia

PHILLIPS MEXICO Tanker Japan 1979 26,973 54,057 Liberia

PHILLIPS OKLAHOMA Tanker Japan 1979 26.973 54,046 Liberia

PHILLIPS VENEZUELA Tanker Japan 1979 26,973 54,049 Liberia 1 POLAR ALASKA LNG Tanker Sweden 1969 44,089 32.878 Liberia 1 11,781 19,980

NORDIC SUN Chem. Tanker Japan 1981 11,781 19,980 Liberia 21 1,305,330 2,597,276 14 912,015 1,873,034

TEXACO ALABAMA Tanker Sweden 1971 63,234 135,236 Bahamas

TEXACO BOGOTA Tanker Sweden 1960 13,623 22,455 Bahamas

TEXACO CARIBBEAN Tanker Japan 1977 125,857 274,347 Panama

TEXACO DELAWARE Ore/Bulk/Oil Sweden 1979 71,208 128,320 Bahamas

TEXACO HANNOVER Tanker Japan 1968 48,106 103.490 Panama

TEXACO HOUSTON Tanker Sweden 1975 65,287 133,950 Liberia

TEXACO KANSAS Tanker Sweden 1976 55,973 115,826 Bahamas

TEXACO MAINE Tanker U.S. 1959 23,660 47,187 Panama

TEXACO SKANDINAVIA Tanker Norway 1962 13,222 21,539 Bahamas

TEXACO SOUTH AMERICA Tanker Spain 1976 130,959 272,526 Panama

TEXACO TEXAS Tanker Portugal 1975 55,973 124,987 Bahamas

TEXACO TULSA Tanker Sweden 1971 64,961 131,350 Liberia

TEXACO WILMINGTON Tanker Brazil 1983 54,095 87,656 Bahamas

TEXACO VERAGAUS Tanker Japan 1976 125,857 274,165 Panama 1 TABOGA Tanker Japan 1971 2,978 5,723 Panama 2 268,568 540,587

ASIR Tanker Japan 1974 136,718 267,848 Saudi Arabia

BISHAH Tanker Spain 1976 131,850 272,739 Saudi Arabia 2 13,583 16,653

A.G. FARQUHARSON Tanker Canada 1969 5,038 6,996 Canada

LE BRAVE Tanker Japan 1977 8,545 9,657 Canada 2 108,186 161,279

TEXACO WESTMINISTER Tanker Japan 1981 54,076 81,282 U.K.

TEXACO WINDSOR Tanker Japan 1980 54,110 79,997 U.K. 1 129,973 267,732

TEXACO JAPAN Tanker Japan 1975 129,973 267,732 Panama 5 34,187 33,997

CONDATA Reefer Norway 1968 8,135 10,023 Honduras

BARRYDALE Reefer Japan 1973 6,513 5,818 Br. Colonies

BLUESTREAM Reefer Japan 1973 6,513 6,118 Br. Colonies

FLEET WAVE Reefer Japan 1972 6,513 6,127 Br. Colonies

SKY CLIPPER Reefer Japan 1972 6,513 5,911 Br. Colonies 4 46,620 66,797

A.V. KASTNER Bulk So. Korea 1987 12,702 19,000 U.K.

GYPSUM BARON Bulk Canada 1976 12,839 18,314 U.K.

GYPSUM COUNTESS Bulk France 1960 8,240 11.169 U.K.

GYPSUM KING Bulk Canada 1975 12,839 18,314 U.K. 5 298,252 597,192

BRAE TRADER Tanker Japan 1975 44,989 89,730 Liberia

CELTIC TRADER Tanker Japan 1975 48,292 89,479 Liberia

GARYVILLE Tanker Japan 1972 65,599 138,232 Liberia

HOUSTON TRADER Tanker Japan 1974 70,741 140,778 Liberia

YATES TRADER Tanker Japan 1975 68,631 138,973 Liberia 6 115,650 193,380

FELIPES Tanker Norway 1975 19,275 32,230 Liberia

FICUS Tanker Norway 1976 19,275 32,230 Liberia