MARINELINE® & CHEMLINE® COATINGS FOR INDUSTRY

Advanced Polymer Coatings News

MARINELINE® ANNOUNCES AT SMM THAT MILESTONE ‘100th SHIP’ IS COMPLETED WITH INNOVATIVE POLYMER-BASED TANK COATING SYSTEM
SHIPS RECENTLY COATED WITH MARINELINE®
M/T CLIPPER LEANDER
M/T STEN BALTIC

HAMBURG GERMANY, September 26, 2006 – Advanced Polymer Coatings (Avon, Ohio, USA), is announcing at SMM 2006 (www.smm2006.com) that the 100th tanker ship has now been coated with MarineLine®, the unique tank lining system.

“According to Donald J. Keehan, Chairman, Advanced Polymer Coatings, “SMM 2006, the international fair for the maritime trade, is the perfect venue to tell the industry that MarineLine® has met and exceeded their expectations for a protective tank coating. This is evidenced, first, by announcing the completion of the 100th ship now coated with MarineLine®, and second, by conveying that our company has undertaken a facility expansion this year to increase production capacity at our Avon, Ohio operation.”

SHIP ANNOUNCEMENT

The 100th ship coated with MarineLine® is the 7,000 dwt M/T Pakri Victory, which is owned by Turkey’s MedMarine Group. This newbuild has been built at the new Eregli Shipyard, Black Sea, in Turkey, which is owned by MedMarine and which recently opened as one of Turkey’s largest shipyards. MedMarine has vast experience in building tugs and sophisticated ice class chemical tankers. The M/T Pakri Victory is the first of five chemical tankers being constructed by MedMarine at the yard. Two additional 7,000 dwt tankers are being constructed, as well as two other 11,240 dwt tankers, and all will be coated with MarineLine®.

A BRIGHT FUTURE

MarineLine® has seen significant growth once the industry began to learn of the capabilities of MarineLine® versus other existing coatings and stainless steel tanks. The number of MarineLine®-coated ships nearly doubled in 2003, and again for the years 2004 and 2005. In 2006, there will be 46 ships coated with MarineLine®, including the 100th ship for MedMarine mentioned previously. For 2007 an even higher number is scheduled and up to 2009 there are more than 126 ships that are contracted to receive the MarineLine® coating system.

What has been driving this success? In a word, performance. MarineLine® has proven to outperform stainless steel and/or coatings such as epoxies. It is the only coating capable of handling the full range of range of IMO approved chemical cargoes.

Additionally, independent lab tests verify that MarineLine®’s unique cross-linked polymer structure does not allow the chemical cargo to permeate the lining. This answers the critical need to assure product purity, the driving factor that chemical companies look for when transporting their cargoes on the high seas.

Lastly, with Marineline®’s hard and slippery surface, ship owners have found that tank cleaning is fast and easy. Ship owners are realizing a faster turnaround in port allowing the ship to return to sea faster where it earns additional profit. MarineLine® also ensures that different cargoes can be carried back to back, thus removing the sequencing scenarios that are mandated for other tank coatings and stainless steel.

PLANT EXPANSION UNDERWAY

To accommodate for this continuing demand, Advanced Polymer Coatings is now doubling the size of its production facilities in Avon, Ohio. This work, to be completed in 2006, will triple the current plant capacity in meeting the demand for MarineLine® coatings in the years ahead.

APC’s Keehan says, “We are pleased to see that MarineLine® has been accepted as the preferred high performance coating by the chemical tanker industry and by the companies that employ these carriers. Not only is MarineLine® a favorite of many ship owners for its versatility, but the chemical companies are now requesting that their chemicals be transported in MarineLine®-coated tanks to ensure product purity from the time their liquid cargoes are loaded until unloading.”