V.SHIPS BULK SHIPPING BACKGROUND 

V SHIPS BULK SHIPPING IS ONE OF THE OPERATING ARMS OF, AND IS 100 PCT OWNED BY
THE VSHIPS GROUP.  

SINCE ITS FORMATION IN 1984 THE VSHIPS GROUP OF COMPANIES HAS EXPERIENCED
SIGNIFICANT GROWTH. THIS GROWTH HAS BEEN ACHIEVED THROUGH THE OPENING OF NEW
OFFICES AROUND THE WORLD AND THROUGH DEVELOPMENT OF A BROAD RANGE OF SHIPPING
SERVICES THAT COMPLEMENT THE GROUP'S CORE SHIP MANAGEMENT SERVICES. 

GROWTH HAS ALSO BEEN ACHIEVED THROUGH MERGER AND AQUISITION. NOTABLY IN 1998,
THE GROUP AQUIRED CELTIC MARINE IN A DEAL THAT BROUGHT EXTENSIVE MANNING
ACTIVITIES. MORE RECENTLY IN JANUARY 2001, VSHIPS AQUIRED ACOMARIT GROUP TO
CREATE THE WORLDS LARGEST SUPPLIER OF INDEPENDENT SHIP MANAGEMENT AND RELATED
SHIPPING SERVICES. 

TODAY VSHIPS PROVIDES COMMERCIAL, TECHNICAL AND/OR CREW MANAGEMENT TO OVER 
SIX HUNDRED VESSELS WORLDWIDE. THE MANAGED FLEET IS SERVICED BY A NETWORK OF
OFFICES WORLDWIDE, IN TOTAL THE VSHIPS GROUP EMPLOYS OVER 1,000 STAFF ASHORE
AND APPROXIMATELY 25,000 STAFF AFLOAT. 

APART FROM THE OPERATING WITH VSHIPS BULK SHIPPING OTHER SERVICES OFFERED BY
THE VSHIPS GROUP ARE S+P/CHARTERING AND BUNKER BROKING, FINANCIAL AND INSURANCE
RSERVICES, SHIPS AGENCY SERVICES AND MARINE CONSULTING.

AMONGST OTHERS THE RECENT FIXTURES CONCLUDED FOR VSHIPS BULK SHIPPING ARE :- 

'GOLDEN DUKE' 28700 DWT USG/EAST MED  
OWNERS: SHINWA KAIUN KAISHA 
BROKERS: SHINWA LONDON/NEW YORK - TEL +207 716 0055 - FRANK MAYNARD  

'AL QAWIYYU' 37000TDW SAFRICA/MED  
OWNERS/MANAGERS : HOLBUD LONDON - TEL + 207 488 4901 - REF TONY GARMAN 

'PACIFIC OCEAN'  37000TDW USWC/MED  
OWNERS : VRONTADOS SA 
BROKERS : COSTALAS NY - TEL +914 472 0440 - REF GEORGE SKOUFOLOS 


VSHIPS BULK SHIPPING HAS ALSO FIXED WITH MANY MAJOR CHARTERERS INCLUDING :- 

KOCH CARBOM, WITCHITA
GLENCORE, ZUG  
ENERGY TRADING, GENOA. 
EASTERN EUROPEAN CARRIERS LTD. LUGANO

ENDS

FOR FURTHER DETAILS OF THE VSHIPS GROUP PLSE REFER TO OUR WEB SITE:
WWW.VSHIPS.COM