DIAMOND 53 BREAKTHROUGH IN VIETNAM	02/01/2008
	The first 2 DIAMOND 53 Handymax Bulk Carriers were delivered in Vietnam 20th of June 2007. M/V FLORENCE was delivered by Halong Shipyard to Turkish owner Densan. M/V FLORENCE is the first of 10 DIAMOND 53 vessels ordered at Halong Shipyard. M/V GRAIGLAS was delivered by Nam Trieu Shipbuilding Industry Co. to Welsh owner Graig. M/V GRAIGLAS is the first of 7 DIAMOND 53 vessels ordered at Nam Trieu Shipyard. Both vessels have been delayed more than half a year, but we expect improvement in delivery schedules for the following vessels.