REFERANCES

ATLANTIS INSPECTION & SURVEY LTD.  MERSIN / TURKEY

AQUARIUS LT.  KINGSTOWN / ST.VINCEN

AKMAR SHIPPING CO.- ISTANBUL / TURKEY

AQUA SHIPPING LTD. MONROVIA ,LIBERIA

AZOV SHIPPING COMPANY  UKRAINE

ARBEL PULSE COMPANY  MERSIN / TURKEY

ACOMARIT HELLAS LTD.  PIRAEUS / GREECE

BLUE DECK MARINE COMPANY - TORONTO / CANADA

B-BROKERAGE & MANAGEMENT CORP.- NEW YORK / U.S.A.

BLUE OCEAN SHIP MANAGEMENT LTD.- LOS ANGELES / U.S.A.

BORAS SHIPPING COMPANY  ISTANBUL / TURKEY

BALTIC CONTROL .A.S.  ISTANBUL / TURKEY

BUREAU VERITAS  ISTANBUL / TURKEY

BARWILL SHIPPING AGENCY  VARNA / BULGARIA

C/O PISAN SHIPPING AGENCY LT.

CASTALIA SHIPPING & FINANCE CORP.  MONROVIA / LIBERIA

COMMERCIAL TRADING & DISCOUND CO.LTD. ATHENS / GREECE

CENTURY MARINE INC LIBERIA

C/O ATLAS SHIPPING CO

CONTROL UNION  ISTANBUL / TURKEY

D.EFTHYMIOU SHIPPING S.A.  GREECE

EGON OLDENDORFF MONROVIA,LIBERIA

EUROPEAN NAVIGATION INC.ATHENS,GREECE

ELVIN SHIPPING CO.LTD. - VALETTA / MALTA

FERCO FOREIGN TRADE  LONDON / ENGLAND

FERCO FOREIGN TRADE   ISTANBUL / TURKEY

FAIRMONT SHIPPING CO.  CANADA

GLENCORE INTERNATIONAL AG,ROTTERDAM

GENERAL CHARTERERS,INC.  MANILA / PHILIPPINES

HONG FAT SHIPPING INC. HONG KONG

HONOUR NAVIGATION CO.LTD. MALTA

HELIKON SHIPPING ENTERPRISES LTD.  LONDON / ENGLAND

HENTER BUSINESS CORP - PANAMA CITY  PANAMA

INCE TRANS SHIPPING LTD.- ISTANBUL / TURKEY

ILIAS SHIPPING CORP.  PIRAEUS / GREECE

IKAROS SHIPPING AND BROKERAGE CO.LTD.  PIRAEUS / GREECE

ISDEMIR PORT A.S.  ISKENDERUN / TURKEY

INFLOT SHIPPING AGENCY  UKRAINE

JETMAR MANAGEMENT LTD

JOLIE MARITIMA INC.,MARSHALL ISLANDS

KOREA LINE CO.SEOUL-S.KOREA

MARTRADE SHIPPING TRANSPORT GMBH-DUESSELDORF-GERMANY

MEDITERRANEAN MARITIME S.A. PIRAEUS GREECE

MILANGAZ L.P.G. TERMINAL  DORTYOL / TURKEY

MARINE MANAGEMENT SERVICES M.C.  PIRAEUS / GREECE

MARU SHIPPING CO.INC.  BOMBAY / INDIA

MERCER NAVIGATION S.A.  MONROVIA / LIBERIA

NATIONAL NAVIGATION CO.  EGYPT

NAVIGATIONE MARITIME  VARNA / BULGARIA

NEW OCEAN SHIPPING CO.LTD.  VALLETTA / MALTA

NEW WAVE SHIPPING CO.LTD.  PIRAEUS / GREECE

OLDENDORFF CARRIERS,LUBECK,GERMANY

OVALAR FOREIGN TRADE  ISTANBUL / TURKEY

OASIS SHIP MANAGEMENT L.L.C.  DUBAI / U.A.E.

OCEANBREAK SHIPPING LTD. - MALTA

PENINSULA ENTERPRISE SPA

PAN OCEAN SHIPPING CO.LTD - SEOUL,KOREA

PRECIOUS FOREST LTD.  BANGKOK

PARAGON LINES

RIZE SHIPPING CO.  ISTANBUL / TURKEY

RUBY MARITIME LTD.  MALTA

SEA LION SHIP MANAGEMENT PVT LTD - MUMBAI INDIA

SONMEZ GROUP  MERSIN / TURKEY

SHAN KING MARITIME LTD.  HONG KONG

SPHINX NAVIGATION LTD.  GRAND CAYMAN / CAYMAN ISLAND

SHINTA MARINE PANDI CLUB  ISTANBUL / TURKEY

SOCOTEC INTERNATIONAL INSPECTION  ISTANBUL / TURKEY

TRADE HORIZON INC.

TURKISH CARGO LINES  ISTANBUL / TURKEY

TRUST CONTROL INTERNATIONAL S.A. - ARGENTINA

ULKUMEN SHIPPING AGENCY  ISKENDERUN / TURKEY

V.SHIPS (UK) LIMITED GLASGOW UNITED KINGDOM

VISION SHIPPING LTD.- VALETTA / MALTA

VAN OMMEREN SHIPPING BV. ROTTERDAM / NETHERLANDS

WOODSY CARRIERS ONE LTD.  MALTA

ZHONGHAI SHIPPING INC.PANAMA,REPUBLIC OF PANAMA