Crude Carriers Corp. is an international transportation company focused on the crude tanker industry. Our fleet consists of two newly built VLCCs (Very Large Crude Carriers) and three modern, high specification Suezmax tankers. We operate a high quality fleet and trade our vessels in the spot crude tanker market. Our dividend policy is to distribute to our shareholders, on a quarterly basis, all of our net cash flow less operating reserves, as defined by our Board of Directors.

Kawasaki Kisen Kaisha, Ltd. was established in 1919. From Kansas City to Kobe, Kawasaki Kisen Kaisha (the "K" Line) carries freight to and from ports worldwide. One of Japan's largest marine transportation companies, the company operates a fleet of more than 480 vessels that transport coal, grain, iron ore, and lumber, in addition to automobiles, crude oil, and liquefied natural gas (LNG). Its fleet includes containerships, bulk carriers, car carriers, and tankers and has a carrying capacity of nearly 30 million deadweight tons (DWT). The "K" Line also operates marine and rail terminals and offers logistics, freight forwarding, and warehousing services.

The Florida East Coast Railway (FEC) operates 351 miles of mainline track along the east coast of Florida. With interchanges of Class I carriers, NS and CSXT the reach of the FEC is expanded throughout all of North America. FEC moves major carload commodities of aggregate, automobiles, lumber, farm products, food and kindred, machinery, pulp and paper, petroleum products, and stone, clay and glass. Volumes for FEC exceeded 118,000 in 2007. FEC also serves five (5) intermodal terminals with volumes for 2007 exceeding 300,000 units. FEC also provides a drayage leg in its portfolio of services to intermodal customers. This has proven to be a very attractive alternative for retail customers looking for one-stop shopping in their transportation services needs.

Dayton Freight Lines is a less-than-truckload (LTL) carrier operating in 11 states in the North-Central US. (LTL carriers consolidate freight from multiple shippers into a single truckload.) The company operates a fleet of about 900 tractors and 2,100 trailers from a network of more than 40 terminals. Outside its home territory, Dayton Freight offers service in the rest of the US, Canada, Puerto Rico, and Guam through alliances with other carriers, including A. Duie Pyle, Oak Harbor Freight Lines, and Southeastern Freight Lines. Founded in 1981, Dayton Freight is owned by the Cronin family, which includes President and CEO Thomas L. Cronin Jr. and EVP Michael D. Cronin.

Air Atlanta Icelandic is one of the largest ACMI service provider in the world. We offer tailor-made solutions to other carriers, both in the passenger and cargo industry. Large Market share, strong brand name, impressive customer base and superior know-how are some of our core assets. The solid reputation for supplying quality services is built on a strong base of experience acquired throughout many years in the airline industry.

SMRT works hard to get its customers back home. SMRT Corporation Ltd company provides subway, light rail, bus, and taxi services in Singapore for about 1.3 million commuters a day. The company's main revenue generator is its MRT (mass rapid transit) unit, which operates a network of some 90 km (55 miles) of rail and more than 50 stations. In addition to its transportation operations, SMRT rents commercial space in its train stations and makes money from advertising placed in its stations and on its trains, buses, and taxis. SMRT Corporation Ltd company also provides engineering services. The government of Singapore, through Temasek Holdings, owns a 55% stake in SMRT, which was established in 1987.

This New Penn is a regional, less-than-truckload (LTL) freight carrier that operates in the northeastern US. (LTL carriers consolidate freight from multiple shippers into a single truckload.) Next-day deliveries in the New England and mid-Atlantic regions make up the bulk of New Penn Motor Express' shipments; the company also offers service in Canada and in Puerto Rico. It operates a fleet of about 850 tractors and 1,700 trailers from a network of more than 20 terminals. Connections with other carriers, including sister companies in the YRC Regional Transportation family, enable New Penn to provide coast-to-coast service in the US and Canada.

Jim Palmer isn't related to the former Baltimore Orioles pitcher, but Jim Palmer Trucking wants to move freight the way the National Baseball Hall of Fame member threw strikes -- and to stay as cool in the process. Jim Palmer Trucking offers truckload transportation of temperature-controlled cargo with a fleet of about 350 tractors and 500 trailers. The company operates throughout the US from terminals in Denver; Missoula, Montana; and Salina, Kansas. After voluntarily filing for Chapter 11 bankruptcy protection in mid-2008, the company emerged from bankruptcy in May 2009. It cited the rising costs of fuel as one of the primary reasons for its financial woes.

EPES Carriers is one of the largest private transportation companies in the southeastern US. Through its subsidiaries, EPES Carriers covers the US, Canada, and Mexico with a fleet of some 1,100 tractors and 3,300 trailers. Its Epes Transport Systems provides US truckload service; Epes Logistic Services arranges for truckload deliveries in the continental US, Canada, and Mexico; Epes Freight Management handles expedited, less-than-truckload, and truckload management services such as carrier bid negotiations, claim filing, freight quotes, and routing; and Texas Star Express handles truckload for the midwest and southwest US.

This company stays cool in the sunny South -- and everywhere else it goes. Southern Refrigerated Transport hauls temperature-controlled and dry freight throughout 48 US states and in Canada. Services include transportation of fresh produce from the West Coast to destinations in the Midwest and the Southeast. Southern Refrigerated Transport operates a fleet of over 800 air-ride equipped tractors and more than 900 dry-van and refrigerated trailers. The company is a subsidiary of Tennessee-based truckload carrier Covenant Transportation Group. Tony Smith, the president of Southern Refrigerated Transport, founded the company in 1986 and sold it to Covenant in 1998.

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