Fleet

	Name of Vessel	Type	Flag	Class	DWT	Built
A.	VESSELS ON MANAGEMENT FOR CAMPBELL SHIPPING
1	CS CHARA	BU	BS	ABS	30,000	2006
2	CS SALINA	BU	BS	NK	28,492	2004
5	CS SOLARIS	BU	BS	NK	28,492	2004
4	DS MIRAGE	BU	BS	ABS	26,096	1997
B.	VESSELS ON MANAGEMENT FOR CLIPPER SHIPPING
6	CLIPPER STERLING	GC	BS	ABS	19,167	1999
7	CLIPPER STAMFORD	GU	HK	ABS	19,167	1999
8	CLIPPER SENTOSA	GU	HK	ABS	19,167	1999
9	CLIPPER MERMAID	BU	BS	ABS	27,000	2001
10	CLIPPER MORNING	BU	BS	ABS	27,000	2002
11	CLIPPER MERCURY	BU	BS	ABS	27,000	2004
12	CLIPPER MELODY	BU	BS	ABS	26,068	1997
13	CLIPPER LASCO	BU	SP	ABS	28,371	2004
14	CLIPPER LAGOON	BU	BS	ABS	28,371	2004
15	CLIPPER LANCELOT	BU	SP	LR	28,428	1997
16	CLIPPER LANCASTER	BU	SP	ABS	28,249	1996
17	CLIPPER VALOUR	BU	BS	ABS	32,500	2004
18	CLIPPER LIS	BU	BS	ABS	30,000	2009
19	CLIPPER TARGET	BU	BS	ABS		2006
20	CLIPPER TRUST	BU	BS	ABS	30,000	2007
21	CLIPPER TENACIOUS	BU	BS	ABS	30,000	2007
22	CLIPPER TRADER	BU	BS	ABS	30,000	2008
23	CLIPPER TRIUMPH	BU	BS	ABS	30,000	2008*
24	CLIPPER TITAN	BU	BS	ABS	30,000	2009
25	CLIPPER TRADITION	BU	BS	ABS	30,000	2009
26	CLIPPER HARMONY	BU	BS	ABS	30,000	2009
C.	VESSELS ON MANAGEMENT FOR MUR/SOUTH AFRICA
27	AFRICAN EAGLE	BU	BS	ABS	27,000	2003
28	AFRICAN FALCON	BU	BS	ABS	27,000	2003
29	AFRICAN HAWK	BU	BS	ABS	27,000	2003
30	AFRICAN IBIS	BU	BS	ABS	31,500	2004
31	AFRICAN ROBIN	BU	BS	ABS	32,500	2005
D.	VESSELS ON MANAGEMENT FOR MAILBOAT COMPANY
32	FIESTA MAIL	BC	BS	ABS	700	2002
	TOTAL NUMBER OF VESSELS:	32
*To be delivered.