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Investor Relations
Who we are
We are an industrial transportation company serving the marine transportation needs of our clients in the markets on which we focus. We serve the shipping markets for grain, vegetable oils, minerals, crude oil, petroleum, and refined petroleum products, as well as the offshore oil platform supply market, and the leisure passenger cruise market through our operations in the following four segments of the marine transportation industry.
Our River Business, currently with 591 barges, is the largest owner and operator of river barges and pushboats that transport dry bulk and liquid cargos through the Hidrovia Region of South America, a large area with growing agricultural, forest and mineral related exports. This region is crossed by navigable rivers that flow through Argentina, Bolivia, Brazil, Paraguay and Uruguay to ports serviced by ocean export vessels. River Business Video
Our Offshore Supply Business owns and operates vessels that provide critical logistical and transportation services for offshore petroleum exploration and production companies, primarily in the North Sea and the coastal waters of Brazil. Our Offshore Supply Business fleet currently consists of proprietarily designed, technologically advanced platform supply vessels, or PSVs, including five in operation, one under construction in Brazil to be delivered by the end of 2008, four under construction in India to be delivered commencing in 2009, and two under construction in China (with an option for further two exercisable before July 2008) to be delivered commencing in 2009.
Our Ocean Business operates nine oceangoing vessels, including three Handysize / product tankers which we employ in the South American coastal trade where we have preferential rights and customer relationships, three versatile Suezmax / Oil-Bulk-Ore, or Suezmax OBOs, one Capesize vessel and one semi-integrated tug / barge unit. Included in this fleet is a fourth product tanker, recently added through a 3-year bareboat charter, for its employment in the South American coastal trade. Our Ocean Business fleet has an aggregate capacity of approximately 744,529 dwt, and our three Suezmax OBOs are capable of carrying either dry bulk or liquid cargos, providing flexibility as dynamics change between these market sectors.
Our Passenger Business fleet consists of one vessel with capacity for 575 passengers operating on 7-day and 14-day cruises in the Aegean Sea.
We have a diverse customer base including large and well-known petroleum, agricultural, mining and tour operating companies.
Our Goal
To be a premier provider of marine transportation services in all of the markets in which we operate, and to serve our customer´s needs in a safe and cost efficient way on the basis of innovation and performance, which will ultimately result in profitable growth and financial strength for our company.
Our Business Strategy
Our business strategy is to continue to operate as a diversified marine transportation company with an aim to maximize our growth and profitability while limiting our exposure to the cyclical behavior of individual sectors of the marine transportation industry.
We will continually monitor developments in the shipping industry and make charter-related decisions on an individual vessel and segment basis as well as our view of overall market conditions.
We will continue to conduct the day-to-day management and administration of our operations in-house and through our subsidiaries. Our subsidiary, Ravenscroft, provides technical ship management for the vessels in our Offshore Supply, Ocean and Passenger Businesses while our subsidiary, UABL Limited, or UABL, manages our River Business. In addition to servicing our own vessels, Ravenscroft manages vessels owned by third parties.
Who we are 
Our Goal