Over 150 guests from all over the world were welcomed at Aquavita party on 10^th of December 2007. Live jazz, breathtaking view over night Athens, friendly atmosphere… we hope everyone has enjoyed!

One year ago Aquavita started and today all of us are satisfied with the achievement. We time chartered 44 vessels and carried about 2,7 MIO tons of cargo. Major owners and charterers recognized Aquavita as a quality performer. We generated gross freight revenue of about USD 100 MIO and made our shareholders very happy with profit figures. We thank everyone for the support and move forward at full speed!

Aquavita has enlarged! To ensure our thorough commitment to the quality professional accounting manager Michalis Mertikas has been employed. We are confident that our clients will benefit from his exceptional ability to keep all accounts up-to-date whilst our auditors PriceWaterhouse Coopers shall have only small amount of work left. Furthermore Dmitriy Tkach has been appointed as the company's representative in Ukraine. We are certain that he has right combination of knowledge and experience which ensure the proper service is provided to the company's vessels and clients.We have adopted straight to the client policy and from now on each of our clients shall have a dedicated chartering manager. Sergey Payanov has been employed as chartering manager to strengthen Atlantic panamax section — we wish him success! Meantime Aquavita remains open to hire new chartering managers.

Constantin Varouxakis which was employed as a chartering broker has resigned from the company on 26th of September 2007.

Young, intelligent and energetic — just a few words about our new chartering manager Konstantin Tkach which joined Aquavita on 1^st of May. We hope that our environment will help him to achieve new professional highs.

Aquavita has become a member of International Fertilizer Industry Association at 75th IFA Annual Conference held at Istanbul from 21^st until 23^rd of May 2007. The Conference is the most prestigious event for the whole fertilizer industry and we were delighted to meet our valuable clients there.

Since its successful start Aquavita is growing continuously. We are happy that two professionals have strengthened our team on 1^st of March. Nikolay Filippov has joined operations desk and Sergey Selegenenko has become member of our chartering desk. Both of them have extensive experience in shipping and excellent reputation. People is a most valuable asset of our company and we thank them for the support.

On 13^th of December we were pleased to welcome over 70 guests at our Christmas reception party. It was held at famous Yacht Club of Greece at Mikrolimano, Piraeus.

New dry shop opens doors in Piraeus

A new dry-chartering company, Aquavita International, has set up shop in Piraeus, bringing former eastern-bloc trading houses to Greek owners.

Company head Evgeniy Lavrenko is a former major shareholder and co-founder of ship operator Industrial Carriers. Before that he was an employee of Metalinvest. With strong links to the former Eastern Bloc trading houses, Lavrenko says Aquavita has already begun chartering in bulkers for steel products, iron-ore, grains and fertiliser cargoes.

In November, Lavrenko says the company fixed three bulkers for spot voyages and another five so far in December. Eastern traders, he adds, do not work long-term contracts, so Aquavita is set up for spot work.

The new outfit also includes Constantin Varouxakis, fresh from AGA in Paris. Varouxakis came to Greece as recent changes in the dry-cargo chartering scene are seeing a number of cargo charterers weighing their options.

The company also employs Yannis Tsellos, who has been working in the Greek dry-chartering scene for over 30years, including at Belnav Inc.

Lavrenko says Aquavita is looking to expand to a fleet base of 15 to 20 bulkers within the next few years and is already looking to increase its staff numbers.

By Yiota Gousas, Athens
Published: 22 December 2006

On 1^st of November 2006 Aquavita chartered first vessel mv Grazia Bottiglieri, carrying 70000 mt of iron ore from Black Sea to China. We thank vessel’s disponent owners Messrs. Coeclerici Transport Panamax for their support.

Our company attended CoalTrans which took place at Athens from 22^th of October to 25^th of October 2006.

Our company attended World Grain Summit which took place at Geneva from 04^th of October to 06^th of October 2006.