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OceanFreight Inc., through its subsidiaries, provides shipping transportation services. The company specializes in transporting drybulk cargoes, which include iron ore, coal, grain, and other materials, as well as crude oil cargoes through the ownership and operation of drybulk carriers and tanker vessels. As of March 5, 2010, the company owned a fleet of 13 vessels comprising 9 drybulk carriers, including 3 Capesize and 6 Panamax; and 4 crude carrier tankers, including 1 Suezmax and 3 Aframaxes with a combined deadweight tonnage of approximately 1.4 million tons. OceanFreight Inc. was founded in 2006 and is based in Athens, Greece.

Odfjell is a leading company in the global market for transportation and storage of bulk liquid chemicals, acids, edible oils and other special products. Originally set up in 1916, the Company pioneered the development of the parcel tanker trades in the middle/late 1950s and the tank storage business in the late 1960s. Odfjell owns and operates parcel tankers in global and regional trades as well as a network of tank terminals. Our strategy is to continue developing our position as a leading logistics service provider for customers worldwide. We aim at maintaining this position through efficient and safe operations of deep-sea and regional parcel tankers and tank terminals. Scale is needed to offer an efficient trading pattern in a global transportation context, thereby maximizing fleet utilization. Our size also allows us to obtain significant purchasing benefits.

Omega Navigation Enterprises Inc. provides marine transportation services through the ownership and operation of double hull product tankers worldwide. Its product tankers transport refined petroleum products, including gasoline, jet fuel, kerosene, naphtha, gas oil, and heating oil. The company’s fleet includes 12 hull product tankers with a carrying capacity of approximately 680,000 dwt, of which 2 double hull product/chemical tankers with a capacity of 47,000 dwt and 2 double hull product/chemical tankers with a capacity of 37,000 dwt are owned through equal partnership joint ventures with a subsidiary of Glencore International, A.G. Omega Navigation Enterprises Inc. was founded in 2005 and is based in Athens, Greece.

Orient Overseas (International) Limited (OOIL) is at home both on the sea and on solid ground. Its primary subsidiary, Orient Overseas Container Line (OOCL), provides marine container transportation and related logistics services, mainly within the Asia/Pacific region and on transpacific routes. OOCL maintains a fleet of about 90 containerships with an overall capacity of some 390,000 twenty-foot equivalent units (TEU). In addition, OOIL operates container terminals in California and Taiwan and engages in commercial and residential real estate development and investment, primarily in mainland China but also in New York. Overall, OOIL has about 280 offices in some 58 countries.

Overseas Shipholding Group, Inc., a bulk shipping company, engages primarily in the ocean transportation of crude oil and petroleum products. It owns and operates a fleet of oceangoing vessels and involves in the transportation of liquid and dry bulk cargoes. The company primarily serves independent and state-owned oil companies, oil traders, and government entities. As of December 31, 2009, it owned and operated a fleet of 106 vessels, aggregating 10.9 million deadweight tons and 864,800 cubic meters, of which 84 vessels operated in the international market and 22 operated in the United States Flag market. The company’s newbuilding program of owned and chartered-in vessels totaled 23 international and the U.S. Flag vessels. Overseas Shipholding Group, Inc. was founded in 1948 and is based in New York, New York.

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