v    Nectar Group Limited

v    S.K. Networks Co. Ltd. (Korea)

v    S.K. Shipping Pte. Ltd. (Singapore)

v    Khai Hoan Marine Corporation (Vietnam)

v    Heung-A Shipping Co., Ltd. (Korea)

v    HAS Management Co., Ltd. (Korea)

v    Sena Shipping (Korea)

v    Hong Lam Marine Pte. Ltd. (Singapore)

v    PT Wahana Rahmah (Indonesia)

v    Odyssey Maritime Pte. Ltd. (Singapore)

v    Pranedya Maritime, Inc. (Singapore)

v    Morgan Stanley Capital Inc. (Singapore)

v    Pegasus Maritime & Development Corp. (Vietnam)

v    Heng Fu Kot Agencies Pte. Ltd. (Singapore)

v    P.T. Marine Tirta Samudera (Indonesia)

v    Northern Joint Stock Company (Vietnam)

v    Pilipinas Shell Petroleum Corporation

v    Philippine Airlines, Inc.

v    Air Philippines Corporation

v    Total Bulk Corporation

v    Himmel Induetries, Inc.

v    Midasia Shipmanagement, Inc.

v    APO Cement Coporation

v    Fuel and Raw Materials Corporation