OCEAN SHIPHOLDINGS, INC.

Ocean Shipholdings, Inc. (“OSI”) is a full service marine operating company providing environmentally safe and efficient ocean transportation to its customers. Headquartered in Houston, Texas, OSI has been operating ships for over 30 years. OSI’s main business is the turnkey operation of U.S. flag ocean going ships for commercial and government customers. Ship operations are worldwide including transportation of petroleum products, and other bulk commodities and the pre-positioning of ships containing cargo in support of the U.S. military. OSI can provide technical and program management to operate, maintain, alter configuration, and support Navy mission requirements for ocean-going ships of all size. Generally, this also includes budget management, cost control systems, purchasing, logistical, safety and quality systems and varying degrees of security.