PETROL TAfiIMACILI INDA DÜNYA L DER

TEEKAY WORLD LEADER IN OIL TRANSPORTATION PETROL TAfiIMACILI INDA DÜNYA L DER M NE GEZEN Teekay, 2004 y l nda toplam 2 milyar varil yani yaklafl k 318 milyon m 3 petrol ve gaz tafl d. Bundan 22 sene önce, 1973 de Torben Karlshoej taraf ndan kurulan flirket bugün itibariyle denizyoluyla tafl nan petrolün yüzde 10 undan sorumlu. Dolay s yla iflinizden evinize Teekay sayesinde gidip geliyor olman z büyük bir olas l k! Teekay transported more than 2 billions barrels, i.e. approximately 318 million cubic meters, of oil and gas in 2004. Founded by Torben Karlshoej in 1973, some 22 years ago, the company is carrying more than 10 percent of the world's seaborne oil. Consequently, it is a big possibility that you get back and forth to work everyday thanks to Teekay! 022

T eekay Shipping Corporation; dünyan n en büyük Aframax petrol tankeri filosunu içeren spot tanker filosu, yine dünyan n en büyük mekik tanker filosunu içeren sabit ücretli filosu ve LNG filosu ile uluslararas bir ham petrol ve petrol ürünleri nakliye flirketi olma özelli ini tafl yor. fiirket dünyada denizyoluyla tafl nan petrolün yüzde 10 undan fazlas n tafl d. 2004 te 75 ülkeden 110 müflterisi için toplam 8,000 kargo operasyonu gerçeklefltirerek hiç petrol döküntüsü yapmaks z n 2 milyar varil yani yaklafl k 318 milyon metreküp petrol ve gaz tafl d. 2004 y l Faaliyet Raporunda da belirtildi i gibi flirketin büyüme stratejisinin bir parças olarak Teekay baflka flirketleri kendi bünyesine katma da dahil olmak üzere çeflitli stratejik f rsatlar de erlendirmeye devam ediyor. fiirket 2003 y l ndaki yüzde 27 ye karfl l k, 2004 y l nda Indo-Pasifik Havzas ndaki faaliyetlerinden toplam net sefer gelirlerinin yaklafl k yüzde 23 ünü elde etti. fiirketin müflterileri aras nda dünyan n önde gelen petrol flirketleri, büyük petrol tüccarlar, büyük tüketiciler ve petrol ürünleri üreticileri, devlet kurumlar ile di er çeflitli kurulufllar bulunuyor. Uluslararas petrol flirketi olan bir müflterisi için verilen nakliye hizmetleri, flirketin 2004 y - l konsolide sefer gelirlerinin yüzde 17 sine (373.7 milyon dolar) karfl l k geliyordu. Ayn müflteri için 2003 y l nda verilen nakliye hizmetleri de flirketin konsolide sefer gelirlerinin yüzde 15 ine (239.5 milyon dolar) karfl l k geliyordu. Teekay Vancouver (Kanada), Nassau (Bahama Adalar ), Sydney (Avustralya), Perth (Avustralya), Londra ( ngiltere), Hamburg (Almanya), Mumbai (Hindistan), Tokyo (Japonya), Riga (Letonya), Sandefjord (Norveç), Stavanger (Norveç), Manila (Filipinler), Glasgow ( skoçya), Singapur, Madrid ( spanya) ve Houston da (ABD) toplam 16 ofise sahip. 22 YILLIK TAR H Teekay Shipping Group 1973 te Torben Karlshoej taraf ndan New York ta kuruldu. ki y l sonra Torben flirketi ABD nin bat k y lar na tafl d ve Pasifik rotas için Aframax s n f tanker kiralamaya yo unlaflan bir yan kurulufl olan Palm Shipping Inc. flirketini kurdu. Palm Shipping flirketinin tamam kiralanm fl gemilerden oluflan filosu k sa bir süre içerisinde 18 gemiye ç kt. 1979 y l nda Torben, daha sonraki y llarda Palm Shipping flirketinin gemi kiralama faaliyetlerine destek sa layan güvenilir bir yüksek kaliteli gemi kayna haline gelen Viking Star Shipping flirketini kurdu. 90 l y llar Teekay Shipping için bir de iflim ve büyüme dönemi oldu. 1991 de flirket iflletme merkezini Kanada n n Vancouver kentine tafl d. 1992 y l nda filodaki gemi say s 46 ya ç km flt. Ayn y l Teekay kurucusu Torben Karlshoej in kayb ile büyük bir üzüntüye bo uldu. Torben in ölümünden sonra Baflkanvekili görevini yürüten ve 14 y ll k eski bir Teekay çal flan olan Kaptan James Hood flirketin Baflkan ve CEO su seçildi ve bir icra kurulu kuruldu. Yeni yönetim a rl Teekay n yeniden yap land r lmas na ve flirketin mali durumunun güçlendirilmesine verdi. Teekay 1995 y l nda New York Borsas nda halka aç ld. Kaptan Hood un 1998 de emeklili e ayr lmas ndan sonra CEO olarak yerine Bjorn Moller geçti. T eekay Shipping Corporation is a provider of international crude oil and petroleum product transportation services, through its spot tanker fleet, which includes the world's largest fleet of Aframax - size oil tankers, its fixed - rate fleet, which includes the world's largest fleet of shuttle tankers, and its LNG fleet. The company is carrying more than 10 percent of the world's seaborne oil. In 2004, the company performed 8,000 cargo operations, for 110 customers in 75 countries, delivering 2 billion barrels (317,960,000 m 3 ) of oil and gas, with zero spills. As explained in the Annual Report 2004, as part of its growth strategy, the company will continue to consider strategic opportunities, including business acquisitions. During 2004, the company derived approximately 23 per cent of the total net voyage revenues from its operations in the Indo-Pacific Basin, compared to approximately 27 per cent during 2003. The company s customers include major oil companies, major oil traders, large oil consumers and petroleum product producers, government agencies, and various other entities dependent upon the tanker transportation trade. One customer, an international oil company, accounted for 17 per cent ($373.7 million) of Teekay s consolidated voyage revenues during 2004. The same customer accounted for 15 per cent ($239.5 million) of the company s consolidated voyage revenues during 2003. Teekay has a total of 16 offices around the world, in Vancouver - Canada, Nassau Bahamas, Sydney Australia, Perth - Australia, London - England, Hamburg Germany, Mumbai India, Tokyo Japan, Riga Latvia, Sandefjord Norway, Stavanger Norway, Manila Philippines, Glasgow Scotland, Singapore, Madrid Spain, Houston - USA. A HISTORY OF 22 YEARS In 1973, Torben Karlshoej founded the Teekay Shipping Group in New York. Two years later, Torben moved the company to the U.S. West Coast and established an affiliate company, Palm Shipping Inc., which focused on chartering Aframax tankers for Pacific routes. Palm Shipping's all-chartered fleet soon grew to 18 vessels. MARINE & COMMERCE JUNE 2005 023

YEN B R BÜYÜME DÖNEM 1998 y l nda yeni bir geliflme ve büyüme dönemi bafllad. 1998 y - l ayr ca Apache Energy Ltd. firmas na bir Yüzer Depolama Gemisi (FSO) temin edilmesine yönelik sekiz y ll k bir sözleflme imzalanmas yla Teekay n offshore hizmetleri alan na girifline tan kl k etti. Teekay ayr ca Avustralyal Petroleum Pty. Ltd. firmas n n denizcilik alan nda faaliyet gösteren yan kuruluflu olan Tankships Pty. firmas n bünyesine katt. Teekay Shipping 1999 y l Haziran ay nda Bona Shipholding flirketini de ald. Bu hamle Teekay n hizmet kabiliyetini artt rarak, filosunu yaklafl k 26 geminin eklenmesiyle daha da büyüttü. fiirket bunlara ilave olarak hizmet verdi i rotalara Atlantik havzas n da ekledi. Teekay 2001 de Ugland Nordic Shipping firmas n alarak 5 yeni infla edilmifl gemiyi Tosco Corporation a uzun süreli olarak kiralad. Teekay iki y l sonra Navion ASA n n tamam n ve Skaugen Petrotrans n %50 sini ald. Geçti imiz y l da Naviera F. Tapias firmas 810 milyon dolar nakit paraya karfl l k flirketin bünyesine kat ld. fiirketin hisseleri ikiye-bir baz nda bölündü. In 1979, Torben founded Viking Star Shipping which, in later years, provided a reliable source of high-quality vessels to support Palm's chartering activities. The 1990s were a decade of change and growth for Teekay Shipping. In 1991, the company moved its operational headquarters to Vancouver, Canada. By 1992, the fleet had grown to 46 vessels. In the same year, Teekay suffered the loss of its founder, Torben Karlshoej. Captain James Hood, Executive Vice-President and a 14-year Teekay veteran, was named President and CEO, and an executive board was established. Efforts focused on restructuring Teekay and strengthening the company's financial position. Teekay went public on the New York Stock Exchange in 1995. 3 years later, Captain Hood retired, and Bjorn Moller succeeded him as CEO. ANOTHER EXPANSION PERIOD Another period of growth and expansion was initiated in 1998. 024

4 ANA FAAL YET ALANI Teekay Tanker Hizmetleri, Teekay Navion Mekik Tankerleri, Teekay Gaz ve Offshore Hizmetleri ve Teekay Deniz Hizmetleri olmak üzere flirket dört ana faaliyet alan na odaklan yor. Teekay Tanker Hizmetleri Teekay dünyan n en büyük orta boy tanker iflletmecisi. 2004 y l nda Teekay n spot tanker faaliyetleri son derece güçlü piyasa koflullar ndan büyük yarar sa lad. fiirket y l boyunca 20 den fazla tek cidarl tankerini satarak yüksek piyasa fiyatlar ndan yararland. Filo k smen 2002 y l nda düflük fiyatlardan siparifl edilmifl yeni gemilerin teslim al nmas, k smen de tanker ücretlerinin tabana vurdu u y l n ikinci ve üçüncü çeyreklerinde yap lan gemi kira sözleflmeleri yoluyla ayn say da çift cidarl tankerle yenilendi. Teekay Navion Mekik Tankerleri fiirketin aç k denizde yükleme yapabilen mekik tankerleri iflletmesi olan Teekay Navion Mekik Tankerleri bölümü de 2004 te son derece iyi bir y l geçirdi. Yüzer boru hatt olarak da an lan büyük mekik tanker filosu, müflterilerin petrolünün Tam Zaman nda baz nda olmak üzere Kuzey Denizi, Brezilya ve di er bölgelerdeki petrol platformlar ndan al n p yak nlardaki k y terminallerine tafl nmas n temin ediyor. Bölüm günde ortalama 2.6 milyon varil petrol tafl ma kapasitesiyle y lda 1,500 den fazla sefer yap yor. Teekay Gaz ve Offshore Hizmetleri Teekay n Offshore hizmetleri demirleme, yüzer depo ve yük boflaltma çözümlerini kaps yor. 2004 y l ayr ca Teekay n LNG tafl mac l sektörüne girifline tan kl k etti. fiirket 2004 y l Nisan ay nda spanyol Naviera F. Tapias S.A. firmas n bünyesine katarak ilk dört LNG tankerine sahip oldu. Bu tankerlerin tümü halen önde gelen spanyol enerji flirketlerine sabit ücret baz nda kiralanm fl durumda ve kira süreleri ortalama 18 ay sonra sona eriyor. Teekay Deniz Hizmetleri fiirketin denizcilik hizmetleri aras nda dan flmanl k, gemi dönüfl- That year marked Teekay's entry into offshore marine services as the company embarked on an eight-year contract to provide a Floating Storage Offtake (FSO) unit to Apache Energy Ltd. It also acquired Australian Tankships Pty., a shipping subsidiary of Australian Petroleum Pty. Ltd. In June 1999 Teekay acquired Bona Shipholding. This move expanded Teekay's service capabilities, increasing its fleet size by approximately 26 vessels and adding the Atlantic basin to the company's service routes. In 2001, the company acquired Ugland Nordic Shipping and secured long-term charter contracts for five newbuild vessels to Tosco Corporation. 2 years later, Navion ASA and 50 percent of Skaugen Petrotrans were both acquired. Last year, Naviera F. Tapias was acquired for $810 million in cash. The company s stock split on two-for-one basis. 4 KEY AREAS The company focuses on four key areas: Teekay Tanker Services, Teekay Navion Shuttle Tankers, Teekay Gas & Offshore, and Teekay Marine Services. Teekay Tankers Services Teekay is the largest operator of medium-sized tankers. In 2004, Teekay's spot tanker business enjoyed very strong market conditions. During the year the company took advantage of strong asset prices by disposing of more than 20 single-hull tankers. The fleet was replenished with a similar number of double-hull tankers, partly through taking delivery of new ships ordered at lower prices in 2002, and partly through concluding a series of in-charters during a dip in tanker rates in the second and third quarters. Teekay Navion Shuttle Tankers Teekay Navion Shuttle Tankers, the company s offshore loading franchise, enjoyed an excellent year in 2004. Often dubbed "the floating pipeline," the large fleet of shuttle tankers ensured that the customers' oil is lifted on a just-in-time basis from offshore fields in the North Sea, Brazil and other regions, then shuttled to nearby shore terminals. With an average daily transportation volume of 2.6 million barrels and more than 1,500 voyages annually. Teekay Gas & Offshore Teekay s Offshore Services area offers a diverse range of mooring, floating storage and offloading solutions. A major highlight for Teekay in 2004 was its entry into the LNG shipping sector. In April 2004, through purchase of Naviera F. Tapias S.A. of Spain, the company acquired its first four LNG carriers, all with an average remaining term of 18-year fixed-rate charters to major Spanish energy companies. Teekay Marine Services Marine services include; consultancy, conversions and newbuildings, fleet management, fleet performance, marine human resources, marine and technical project management, pilotage service, procurement, towage and service vessel 026

türme ve yeni gemi inflaat, filo yönetimi, filo iflletme, denizcilik insan kaynaklar, deniz projeleri ve teknik proje yönetimi, k lavuzluk hizmetleri, sat n alma, römorkör hizmetleri, servis gemisi yönetimi, gemi ve liman denetimleri, gemi teknik denetimleri ve sörvey hizmetleri bulunuyor. F LO 3 BÖLÜMDEN OLUfiUYOR fiirketin filosu spot tanker bölümü, sabit ücretli tanker bölümü ve sabit ücretli LNG bölümü olmak üzere üçe bölünmüfl. Spot tanker bölümü spot piyasada çal flan veya spot piyasa baz nda fiyatland r lm fl zaman esasl gemi kira sözleflmelerine ya da sabit ücret baz ndaki sözleflmelere (üç y ldan az süre için) tabi olan konvansiyonel ham petrol tankerleri ve ürün tankerlerinden olufluyor. 31 Aral k 2004 itibariyle flirketin sahip oldu u yaklafl k 7.1 milyon ton toplam yük kapasitesine sahip Aframax s n f gemiler, dünya Aframax filosunun toplam tonaj n n yaklafl k yüzde 9 una karfl l k geliyor. Sabit ücretli tanker bölümü de uzun süreli sabit ücretli zaman esasl kira sözleflmeleri veya belli bir müflteri için belirli bir süre içerisinde belirli bir rota üzerinde sözleflilen bir miktar yükün tafl nmas amac na yönelik yap lm fl deniz tafl mac l sözleflmelerine tabi mekik tanker faaliyetlerini, yüzer depolama gemilerini, bir LPG tankerini ve ayr ca konvansiyonel ham petrol, metanol ve ürün tankerlerini kaps yor. 31 Aral k 2004 itibariyle mekik tanker filosunun toplam yük kapasitesi yaklafl k 4.9 milyon tondu ve bu rakam dünya mekik tanker filosunun toplam tonaj n n yaklafl k yüzde 68 ine karfl l k geliyor. Sabit ücretli LNG tanker bölümü ise uzun süreli sabit ücretli zaman esasl gemi kira kontrat na tabi üçü yeni infla olmak üzere toplam yedi LNG tankerinden olufluyor. 31 Aral k 2004 tarihi itibariyle yeni inflalar da dahil olmak üzere flirketin LNG Filosu toplam 1.0 milyon metreküp toplam yük tafl ma kapasitesine sahipti. management, vessel and port inspections, vessel technical inspections and surveys. FLEET IN 3 SEGMENTS The fleet is divided into three main segments, the spot tanker segment, the fixed-rate tanker segment and the fixed-rate LNG segment. The spot tanker segment includes conventional crude oil tankers, and product carriers operating on the spot market or subject to time charters or contracts of affreightment priced on a spotmarket basis or short-term fixed-rate contracts (contracts less than three years). As of December 31, 2004, the Aframax vessels, which had a total cargo capacity of approximately 7.1 million tonnes, represented approximately 9 per cent of the total tonnage of the world Aframax fleet. The fixed-rate tanker segment includes shuttle tanker operations, floating storage and off-take vessels, a liquid petroleum gas carrier and certain conventional crude oil, methanol and product tankers on long-term fixed-rate time-charter contracts or contracts of affreightment, under which the company carries an agreed quantity of cargo for a customer over a specified trade route within a given period of time. As of December 31, 2004, shuttle tanker fleet, which had a total cargo capacity of approximately 4.9 million tonnes, represented approximately 68 per cent of the total tonnage of the world shuttle tanker fleet. The fixed-rate LNG segment includes seven LNG carriers, including three newbuildings, on long-term fixed-rate time charter contracts. As of December 31, 2004, LNG Fleet, including newbuildings, had a total cargo carrying capacity of 1.0 million cubic meters. MAJOR ACQUISITIONS IN 2000s On April 30, 2004, Teekay acquired all of the outstanding shares TEEKAY' N F LOSU // TEEKAY FLEET LIST Spot Tanker Filosu Sahip olunan Kiralanan Siparifl edilmifl yeni inflalar Toplam Spot Tanker Fleet Owned Chartered -in vessels Newbuildings on order Total VLCCs 0 1-1 Suezmaxes 2 4-6 Aframaxes 27 16 3 46 Büyük ürün tankerleri // Large product tankers - 6 3 9 Küçük ürün tankerleri // Small product tankers - 10-10 Toplam // Total 29 37 6 72 Uzun süreli, Sabit ücretli, Sözleflmeli Filo Long-term, Fixed rate, Contract Fleet Mekik tankerler // Shuttle tankers 28 13-41 Konvansiyonel tankerler // Conventional tankers 12 3-15 FSOs 4 - - 4 LPG tankerleri // LPG carriers 1 1-2 Toplam // Total 45 14 3 62 Sabit ücretli LNG Filosu // Fixed-rate LNG Fleet 4-3 7 F LO TOPLAMI // TOTAL FLEET 78 51 12 141 *Filo listesi 19 May s 2005 tarihi itibariyle kaydedilen toplam yans tmaktad r. // *The fleet list reflects totals recorded at May 19, 2005. MARINE & COMMERCE JUNE 2005 027

TEEKAY IN 2000 L YILLARDA BÜNYES NE KATTI I fi RKETLER Teekay 30 Nisan 2004 tarihinde Naviera F. Tapias S.A. firmas n n hisselerinin tamam n sat n alarak flirketin ad n Teekay Shipping Spain S.L. (veya Teekay Spain) olarak de ifltirdi. Teekay Spain spanya n n önde gelen ba ms z LNG ve ham petrol tankeri iflletmecilerinden. 31 Aral k 2004 itibariyle Teekay Spain firmas n n LNG filosu, tümü uzun süreli sabit ücretli gemi kira sözleflmeleri alt nda önde gelen spanyol enerji flirketlerine kiralanm fl dört gemiden olufluyor. Yine ayn tarih itibariyle Teekay Spain in konvansiyonel ham petrol tankeri filosunda toplam 5 Suezmax s n f tanker ile 2005 y - l nda teslim edilecek olan iki yeni infla tanker bulunuyor. Dört Suezmax tanker ile bir yeni infla tanker için önde gelen bir spanyol petrol firmas ile uzun süreli sabit ücretli gemi kira sözleflmesi yap lm fl. 30 Eylül 2003 de flirket, Skaugen PetroTrans Inc. n (SPT) ana flirketi olan PetroTrans Holdings Ltd. in hisselerinin yüzde 50 sini ald. SPT Houston, Texas d fl nda faaliyet gösteren bir gemiden karaya petrol tafl ma flirketi. Bu hizmet petrol tafl yan gemilerin limanlara giremeyecek kadar büyük olmas durumunda gemideki petrolün k y tesislerine aktar lmas amac yla veriliyor. SPT nin bu ifl için sahip oldu u gemiler ABD limanlar na deniz yoluyla tafl narak gelen tüm ham petrolün yaklafl k yüzde 14 ünü tafl yor. Teekay, 2003 y l Nisan ay nda Navion AS firmas n n hisselerinin tümünü sat n ald. Norveç in Stavanger kentinde yerleflik olan Navion flirketi esas olarak mekik tanker, konvansiyonel ham petrol tankeri ve ürün tankeri alanlar nda faaliyet gösteriyor. 31 Aral k 2004 tarihinde 8 i flirket taraf ndan sahip olunan ve 12 si de kiral k 20 gemiden oluflan modern mekik tanker filosu (mekik tankerler konusunda yan kurulufl olan Ugland Nordic Shipping AS ile di- er yan kurulufllardan kiralanm fl bulunan 6 gemi hariç) Norveç devlet petrol flirketi Statoil ASA ya ve Kuzey Denizi ndeki di er petrol flirketlerine sabit ücretli, uzun süreli deniz tafl mac l sözleflmeleri alt nda lojistik hizmetleri veriyor. Navion un tanker filosu 31 Aral k 2004 itibariyle 12 ham petrol tankeri ve 16 ürün tankerinden oluflmaktayd ve bu gemiler esas olarak Atlantik bölgesinde Statoil ve di er petrol flirketlerine hizmet veriyor. & of Naviera F. Tapias S.A. and renamed it Teekay Shipping Spain S.L. (or Teekay Spain). Teekay Spain is the leading independent owner and operator of LNG carriers and crude oil tankers in Spain. As at December 31, 2004, Teekay Spain s LNG fleet consisted of four vessels, which are all contracted under longterm fixed-rate charters to major Spanish energy companies. As at December 31, 2004, Teekay Spain s conventional crude oil tanker fleet consisted of five Suezmax tankers, and two newbuildings scheduled for delivery in 2005. Four Suezmax tankers and one newbuilding are contracted under long-term fixed-rate charters with a major Spanish oil company. On September 30, 2003, the company acquired 50 per cent of the issued and outstanding shares of PetroTrans Holdings Ltd., the parent company of Skaugen PetroTrans Inc. (or SPT). SPT is a lightering company operating out of Houston, Texas. Lightering is the process of ship-to-ship transfer of oil cargo, which is required when vessels transporting oil are too large to enter ports that are not deep enough or have narrow entrances or small berths. SPT lighters approximately 14per cent of all seaborne crude oil delivered to U.S. ports. In April 2003, Teekay completed the acquisition of 100 per cent of the issued and outstanding shares of Navion AS. Navion, based in Stavanger, Norway, operates primarily in the shuttle tanker and the conventional crude oil and product tanker markets. Its modern shuttle tanker fleet, which as of December 31, 2004, consisted of eight owned and 12 chartered-in vessels (excluding six vessels chartered-in from our shuttle tanker subsidiary, Ugland Nordic Shipping AS, and our other subsidiaries), provides logistical services to the Norwegian stateowned oil company, Statoil ASA, and other oil companies in the North Sea under fixed-rate, long-term contracts of affreightment. Navion s tanker fleet, which as of December 31, 2004, consisted of 12 crude oil tankers and 16 product tankers, operates primarily in the Atlantic region, providing services to Statoil and other oil companies. & TEEKAY GENEL B LG LER // TEEKAY FACTS Kuruluflu // Founded 1973 Genel Merkez // Corporate Head Office Nassau, Bahama Adalar // Nassau, The Bahamas flletme Merkezi // Operational Headquarters Vancouver, Kanada // Vancouver, Canada Kuruldu u Ülke // Country of Incorporation Marshall Adalar // Marshall Islands 2004 Mali Y l Sefer Gelirleri // Fiscal Year 2004 Voyage Revenues USD $2,219,238,000 2005 Y l lk Çeyre i Sefer Gelirleri //First Quarter 2005 Voyage Revenues USD $517,411,000 Filonun Ortalama Yafl // Average Age of Fleet 6.9 yafl (yeni inflalar dahil) / 7.5 yafl (yeni inflalar hariç) // 6.9 years (including newbuilds) / 7.5 years (excluding newbuilds) Halka Arz Tarihi // IPO 20 Temmuz 1995 // July 20, 1995 Kay tl oldu u borsa // Listed NYSE Sembolü // Symbol TK Hisse adedi // Fully Diluted Share Count 87,467,141 (31 Mart 2005 itibariyle) // 87,467,141 (as of March 31, 2005 - split adjusted) Kâr pay // Dividend Hisse bafl na 0.1375 dolar, her 3 ayl k dönem için (Eylül 2004'te % 10 artt ) $0.1375 per share, per quarter (increased 10% in September 2004 - split adjusted) Hisse Senedi Devir Arac s //Stock Transfer Agent Bank of New York, Filo // Fleet 141 gemi (51 adet kiral k ve 2005-2008 aras nda teslim edilecek 12 yeni infla dahil) // 141 vessels (including 51 vessels time chartered-in and 12 newbuildings to be delivered 2005-2008) 028