Renewed Office Certificate For Kristen Navigation Inc.

The office of Kristen Navigation Inc. in Athens, Greece, recently successfully withstood the three-year Green Award Renewal Office Audit. Subsequently, the Green Award Office Certificate is valid for another three years, i.e. up to November 2006.
Kristen Navigation Inc. was founded as a Ship Management Company in November 1992 with the purpose of offering quality services to the shipping industry. Two second-hand Ultra Large Crude Carriers i.e. 340,000 SDWT, were the Company's first vessels. An extensive new building program started in 2000, which is expected to be complete by 2006.

At present, after eleven successful years of operation, the fleet managed by Kristen Navigation Inc., comprises twenty three tankers, of all three main size categories i.e. VLCC, SUEZMAX and AFRAMAX, which in total exceeds 5 million DWT with an average age of less than 5,5 years.

Kristen Navigation Inc. is a well-recognised leader in the Oil Transportation Industry and provides marine expertise and safe, reliable transportation services to its clients such as Oil Majors, Refiners and Traders.

Recently, Kristen Navigation Inc.'s ASTRO CHORUS, a new VLCC of 306,000 DWT, was awarded Green Award certification. In addition, 10 other tankers of various sizes have Green Award certification.

This proves, first and foremost, that we, at Kristen Navigation Inc., are very firm believers in Green Award's aims. Secondly, it highlights the long-standing relationship between the Green Award Bureau and Kristen Navigation Inc.

Green Award Certification Co-Ordinator

Kristen Navigation Inc.

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