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Recent IPOs<br />
� May 2007 Rickmers Maritime Trust – US$175M (SGX)<br />
� April 2007 Akebono Shipping Fund 1 – Closed end fund<br />
� March 2007 First Ship Lease Trust - US$342M (SGX)<br />
� May 2006 Pacific Shipping Trust – US$99.9M (SGX)<br />
� October 2006 Danaos Corporation - US$204M<br />
(NASDAQ & SGX)<br />
� April 2006 Omega Navigation Enterprise – US$204M<br />
(NYSE)<br />
� August 2005 Seaspan Corporation $600M (NTSE)<br />
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