Page 96: of Maritime Reporter Magazine (June 1993)

TANKERS & COMBINED CARRIERS ON ORDER (AS OF JANUARY 1,1993)

Owners DWT Yard No. Delivery Name Type No. Owners DWT Yard No. Delivery Name Type 1GENTINA 8997 VELA INT. MARINE 300,000 148 4th Qtr. '94 Crude 5 TRANS-ONA 30,000 Astilleros 67 1st Half '94 ONA-TRIDENTE Crude 8998 VELA INT. MARINE 300,000 149 1st Half '95 Crude

RAZIL FINLAND '0 PETROBRAS 33,000 Caneco 316 July '93 LOBATO Products 8773 NESTEO/Y 91,000 Masa 1318 Jan. '93 NATURA CrVProd. 1 PETROBRAS 33,000 317 July '94 LONDRINA Products 2 PETROBRAS 33,000 318 Sept. '94 LORENA Products GERMANY 6 PETROBRAS 55,000 CCN 188 1 st Qtr. '93 PEDREIRAS Cr./Prod. 9037* RIGEL SCHIFFAHRTS 10,750 Math-Thesen 124 1st Qtr. '93 ELBESTERN Products 19 PETROBRAS 55,000 189 Mid '93 POTI a/Prod. 8978 RIGEL SCHIFFAHRTS 10,750 125 3rd Qtr. '93 JADESTERN Products >4 PETROBRAS 36,000 193 End '93 ITAMONTE Products 8979 RIGEL SCHIFFAHRTS 10,750 126 4th Qtr. '93 Products 6 PETROBRAS 36,000 194 1st Qtr. '94 ITAITUBA Products )8 PETROBRAS 43,000 EMAQ 407 May '93 ITABUNA Products INDIA )9 PETROBRAS 43,000 408 Sept. '93 iTAJUBA Products 8030 SHIPPING CORP. OF INDIA 85,200 Cochin 009 Aug. '95 Crude )0 PETROBRAS 43,000 409 Mar. '94 ITAPERUNA Products 8811 SHIPPING CORP. OF INDIA 85,200 010 End '95 Crude 14 CHEVRON CORP 132,000 Ishibras 164 Jan. '93 GEORGE SHULTZ Crude )2 CHEVRON CORP 132,000 165 Oct '93 CONDOLEZZA RICE Crude INDONESIA 55 CHEVRON CORP 150,000 166 Feb. '94 Crude 9045* UNITED TANKERS 16,000 Kodja 3rd Qtr. '94 Products 54 CHEVRON CORP 150,000 167 Oct. '94 Ciude 9047* UNITED TANKERS 16,000 4th Qtr. '95 Products 14 PETROBRAS 33,000 Verolme B100 Sept. '93 Products 9046* UNITED TANKERS 16,000 2nd Qtr. '95 Products ro PETROBRAS 29,400 Imabari B95 2nd Qtr. '93 Products 9048* UNITED TANKERS 16,000 2nd Qtr. '96 Products 13 PETROBRAS 33,000 B99 Mar. '93 Products

ITALY ULGARIA 8516 M.E. MARITTIMA EMILIANA S.P.A11,500 Esercizio 777 Feb. '93 LADY MARIALAURA Chemicals 36 OSLO BASED GROUP 14,000 Bourgas 121 1 Star.'93 Products 8965 FINNAVI 11,000 835 Sept. '93 Products 37 OSLO BASED GROUP 14,000 122 Dec. '93 Products 8966 J 0 ODFJEL 14,000 845 Dec. '93 Products 38 OSLO BASED GROUP 14,000 123 Dec. '94 Products 8425 ALMARE Dl NAV. S.P.A. 84,300 Fincantieri 5891 May '93 MAREA Crude 39 OSLO BASED GROUP 14,000 124 Dec. '95 Products 8685 PREMUDA SHIPPING 84,300 5892 July '93 Crude 88 NAV. MAR. BULGARE 29,000 Dimitrov 354 1st Qtr.'93 PARNAR Chemicals 8757 ALMARE Dl NAV. S.P.A. 84,300 5904 Dec. '93 Crude 89 FIONA SHIPPING 29,000 355 2nd Qtr. '93 ANDREA Products 8758 ALMARE Dl NAV. S.P.A. 84,300 5905 April '94 Crude 8769 ALMARE Dl NAV. S.P.A. 84,300 5906 Oct. '94 Crude HINA 8428 ALMARE Dl NAV. S.P.A 84,300 5907 Mar. '95 Crude 23 CHINA OCEAN SHPG. CO 35,000 Bohai 2nd Half '93 Products 8814 FINAVAL S.PA. Dl NAV. 32,500 5918 4th Qtr. '93 Products 22 CHINA OCEAN SHPG. CO. 35,000 1st Half '94 Products 8779 FERMAR 30,000 5919 1st Half '93 Products 36 BOHAI OFFSHORE PET. 82,000 Dalian 3rd Qtr. '93 Crude 8774 AGIP 140,000 Venice 5925 July '93 Crude 52 TAIWANESE INTERESTS 44,000 1st Qtr. '93 Products 8775 AGIP 140,000 5926 Sept. '94 Crude 01 CHINA OCEAN SHPG. CO. 36,000 3401 Jan. '94 Products 8776 GAETANO D'ALESIO 11,300 5929 Feb. '93 LILIANA D'ALESIO Products 02 CHINA OCEAN SHPG. CO. 36,000 3402 June '94 Products 8777 GAETANO D'ALESIO 11,300 5930 Nov. '93 FRANCESCO D'ALESIO Products 47 CASEROS SHIPPING 44,000 PC 380/4 June'94 Products 9052* GAETANO D'ALESO 11,300 5940 April '94 Products 190 LONG REACH SHPG. H.K. 44,000 PC 380/5 3rd Qtr. '94 Products 142- NANJING OIL CO. 19,900 T199/1 Dec. '94 Products JAPAN 102 PERTAMINA 44,000 Dalian T355 Aug. '93 Crude 8650 LYKIARDOPULO & CO. 285,700 Hitachi 4855 Jan. '93 AROSA Crude 195 DALIAN OCEAN SHPG. 60,000 TD 600/2 Mar. '93 Products 8691 MARINE MGMT. A/S 260,000 4859 June '93 Crude (96 DALIAN OCEAN SHPG. 60,000 TD 600/3 Dec. '94 Products 8581 H.K. MING WAH SHPG. CO. 280,000 4860 Mar. '93 NEW VICTORY Crude )48 CHINA OCEAN SHPG. CO. 34,000 Guangzhou 1st Qtr.'94 Products 8745 IRANIAN GOV'T 280,000 4861 Mar. '94 Crude >79 WORLD WIDE SHIPPING 60,000 Hudong 1195 Mar. '93 Crude 8873 WILHWILHELMSEN 280,000 4864 Sept. '93 Crude i54 CHINA OCEAN SHPG. CO. 34,000 1198 Mar '93 DA QING 93 Products 7916 NIPPON YUSEN KAISHA 240,000 IHI 3025 Mar. '93 Crude

S55 CHINA OCEAN SHPG. CO. 34,000 1199 2nd Qtr. '94 DA QING 94 Products 8804 CHEVRON CORP. 148,800 3026 Mar. '93 Crude 580 YANGTZE SHIPPING CO. 16,000 Jiang Zhou 4th Qtr. '93 Products 8857 NAVIX LINE CO. LTD. 258,000 3028 Oct. '93 Crude '65 CMBNVSA 67,500 Jiangnan 2191 Jan. '93 CHE MOIL PRIDE Products 8876 NIPPON YUSEN KAISHA 258,000 3029 June '93 Crude '66 CMBNVSA 67,500 2192 Mar. '93 DOUBLE GLORY Products 8989 NIPPON YUSEN KASHA 258,000 3030 Mar. '94 Crude 8879 IDEMITSU KOSAN KK 258,000 3031 Aug. '93 Crude CROATIA 8911 PERTAMINA 35,000 3032 Mar. '93 PERGIWO Crude 530 WESTERN BULK CARRIERS 110,000 3 MAJ 661 Sept. '93 Crude 8912 PERTAMINA 35,000 3033 June '93 Crude 392 MARINE MGMT. A/S 40,000 Mosor 202 1st Half'93 MOSOR SAILOR Products 8913 PERTAMINA 35,000 3034 Sept. '93 Crude 326 UNA SHIPPING CORP. 40,000 204 1st Half'93 Products 8683" UNITED SHPG & TRADING 142,000 3036 Feb. '94 Crude 393 MARINE MGMT. A/S 40,000 205 Mar. '94 Products 8952 NEPTUNE ORIENT LINES 95,000 Imabari 1199 Feb. '93 NEPTUNE CORONA Crude 394 MARINE MGMT. A/S 40,000 206 Sept. '94 Products 9008 ROSCOE SHIPPING SA 92,000 1210 April '93 Crude 522 IC B SHPG. AB 137,900 Split 370 June'93 COMORE Crude 8981 TEEKAY SHPG. (CAN.) LTD. 95,000 1212 Sept. '93 Crude 976 TANKERSKA PLOVIDBA 99,900 376 Nov. '93 Crude 9055* QUALITY TANKSHIP LTD. 91,500 1213 Oct. '93 Crude 977 TANKERSKA PLOVIDBA 99,900 377 April '94 Crude 8982 TEEKAY SHPG. (CAN.) LTD. 95,000 1214 Dec. '93 Crude 017 INDUSTRIJA NAFTEINA 101,000 382 May '95 Crude 8874 NEPTUNE ORIENT LINES 95,000 1216 May '94 Crude 016 INDUSTRIJA NAFTEINA 101,000 383 Oct. '94 Crude 8875 NEPTUNE ORIENT LINES 95,000 1217 July '94 Crude 524 SUNE JOHANSEN 40,000 Uljanik 399 July '93 SUN SAPPHIRE Products 8960 MBK 35,000 Kanasashi 3290 Feb. '93 Crude 470 FLETAMENTOSMARITS.A. 39,500 400 Jan. '93 ACTINIA Products 8961 MBK 35,000 3295 April '93 BANDAR AYU Crude 471 FLETAMENTOS MARITS.A. 39,500 401 Dec. '93 ANEMONIA Products 8983 MBK 35,000 3300 June '93 Products 770 UNITED SHPG. SERVICES 40,000 402 Mar '93 Products 8801 IDEMITSU KOSAN KK 258,000 Kawasaki 1436 Oct. '93 Crude 771 UNITED SHPG. SERVICES 40,000 403 Aug '93 Products 9027* ORPHEUS TANKER CORP. 258,000 1439 July '94 Crude 1810 CIANE-ANAPO 14,000 408 Feb. '93 Products 9036* SEABULK 95,000 Koyo 2030 1st Qtr. '93 Crude i806 CARICHI LIQUIDI SPA 14,000 409 May '93 Products 8829 JAPANESE INTERESTS 98,500 Kurushima 2734 1 st Qtr. '93 Crude >984 FLETAMENTOS MARITS. A. 40,000 410 Mid '94 Products 8689 NEPTUNE ORIENT LINES 98,500 2735 Jan. '93 NEPTUNE AURIGA Crude

I985 FLETAMENTOS MARITS. A. 40,000 411 Mid '94 Products 8905 TOKAISHOSEN KK 13,600 2751 Jan. '93 JIPRO SKY Chemicals 9028* Undisclosed 18,000 2766 May '93 Products DENMARK 8908 PERTAMINA 35,000 3290 Feb. '93 Crude 1711 TSCHUDI & EITZEN 76,300 B&W 942 Feb. '93 SIBOELF O/B/O 8909 PERTAMINA 35,000 3295 April '93 Crude 5939 TSCHUDI & EITZEN 80,000 944 April '93 O/B/O 8910 PERTAMINA 35,000 3300 June '93 Crude i949 NAESS JAHRE BLKRS INC. 80,000 945 Aug. '93 O/B/O 8796 MITSUI O.S.K. LINES 39,400 Minami 622 Feb. '93 BRIGHT EXPRESS Products 3993 TSCHUDI & EITZEN 80,000 946 Oct. '93 O/B/O 8797 MITSUI O.S.K. LINES 39,400 623 May '93 DYNAMIC EXPRESS Products 3994 TSCHUDI & EITZEN 80,000 947 Jan. '94 O/B/O 9043* PROMISE SHIPPING 39,200 625 Aug. '93 Products 3567 A P MOLLER 288,000 Odense 141 Jan. '93 ELEO MAERSK Crude 8658 AMOCO 280,000 Mitsubishi 2059 May '93 OCEAN GUARDIAN Crude 3568 A P MOLLER 288,000 142 May '93 Crude 8782 VELA INT. MARINE 280,000 2064 Sept. '93 Crude 3569 A P MOLLER 288,000 143 Sept. '93 Crude 8783 VELA INT. MARINE 280,000 2065 Nov. '93 Crude 3570 A P MOLLER 288,000 144 Dec. '93 Crude 8784 VELA INT. MARINE 280,000 2066 Feb. '94 Crude 3571 A P MOLLER 288,000 145 1st Half '95 Crude 8850 SHINWA KAIUN KAISHA 258,000 2071 Mar. '93 COSMOS DELPHINUS Crude 3816 A P MOLLER 288,000 146 2nd Half '95 Crude 8864 TOKYO TANKER CO. LTD. 258,000 2072 June '93 Crude

June, 1993 97