2004-09-20

Godby Shipping and UPM-Kymmene Seaways have extended the time charter contracts for the vessels Mimer and Midas including option until the end of 2008.

From 2005 the vessels will be used to start up UPM-Kymmene's new liner service between Rauma, Hamina and Rouén. The cargoes will be mostly paper products, roro units and general cargo.

From the beginning of 2005 the vessels Mistral and Miranda will both be used in UPM-Kymmenes' traffic on the line Rauma – Hamina – Ferrol – Santander.

For additional information, please contact Dan Mikkola, Godby Shipping, phone +358 18 528282 or Jukka Hölsä, UPM-Kymmene Seaways, phone +358 204 155 920.

Yours faithfully,

GODBY SHIPPING AB

Dan Mikkola