Skaarup Executives Meet with Chairman of Mitsui O.S.K

September 15, 2004

Skaarup Group Chairman Ole Skaarup, and Group President Thomas Bene, met with Kunio Suzuki, Chairman of Mistui O.S.K on September 14, 2005 in New York.

The purpose of the meeting was to discuss the continuing development of a partnership between both companies.  The Skaarup Group and Mitsui O.S.K. have pursued several joint ventures during the past decade including Skaarup Mistui O.S.K. LLC and Mistui Trading.

With optimism about the prospects in ocean shipping today, both companies seek to strengthen their long ties while facing the challenges of competition in the shipping market.