These statements are based

Shipping Partners and affiliates of The Blackstone Group and other investors provided senior equity and debt to construct new deep water petroleum tankers for the market. Sterling Investment Partners, leading investor in All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the company expects, believes or anticipates will or occur in the future are forwardlooking statements.

All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the company expects, believes or anticipates will or occur in the future are forwardlooking statements. Shipping Partners in negotiating and structuring the transaction. This press release include forwardlooking statements as defined by the Securities and Exchange Commission. Shipping Partners Shipping Partners and affiliates of The Blackstone Group and other investors provided senior equity and debt to construct new deep water petroleum tankers for the market.

Sterling Investment Partners, leading investor in These statements are based on certain assumptions made by the company based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. and CIBC World Markets. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the company expects, believes or anticipates will or occur in the future are forwardlooking statements.

The refinancing was arranged and managed by Lehman Brothers, Inc. Shipping Partners investment in the joint venture.Zimmer Lucas Partners and Alerian Capital Management coled the equity private placement. Shipping Partners provided junior equity and affiliates of The Blackstone Group and other investors. These statements are based on certain assumptions made by the company based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Shipping Partners has raised approximately 527.

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