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Chemoil to Re-enter Philadelphia Bunker Market

Maritime Activity Reports, Inc.

May 27, 2003

Chemoil Corporation will re-enter the Philadelphia bunker market the first week of June. In March of this year Chemoil commenced bunkering operations in Panama with great success. With the same excitement and sense of commitment we now re-enter Philadelphia. This move will allow Chemoil to increase their presence in the Americas while expanding service to our customer base calling the US East Coast.