Jeffersonville IN July 26, 2006 - American Commercial Lines Inc. announced today that it has appointed Mr. W.N. Whitlock as its Executive Vice President, Governmental Affairs and Mr. Jerry R. Linzey as Senior Vice President and Chief Operating Officer for ACL.

In his new role, Mr. Whitlock will utilize his knowledge of the industry, locks, dams and waterways to address regulatory issues and shape the infrastructure of the industry. Mr. Whitlock was named Senior Vice President, Chief Operating Officer of ACL in January 2005. He has served as Chief Operating Officer since April 2004 and served as President from April 2004 through January 17, 2005. Previously, Mr. Whitlock served as Senior Vice President, Transportation Services of ACL from July 2003 to April 2004, as Senior Vice President, Logistics Services for American Commercial Barge Line from March 2000 to June 2003 and as Senior Vice President, Transportation Services of American Commercial Barge Line from 1982 through March 2000.

In his new role, Mr. Linzey will be responsible for both American Commercial Barge Line and Jeffboat. Mr. Linzey was named Senior Vice President, Manufacturing in May 2005. Prior to joining ACL, Mr. Linzey served as Senior Vice President, Manufacturing of Wabash National Corporation, a large manufacturer of truck trailers, from 2002 to May 2005. From 2000 to 2002, Mr. Linzey served as Director, North American Operations of The Stanley Works, a large manufacturer of tools and fasteners. From 1985 to 2000, he held various positions at Delphi Automotive Systems, most recently as Plant Manager, Radiator and Oil Cooler Product Lines.

Commenting on these appointments, Mark R. Holden, President and Chief Executive Officer, stated, "We are pleased and excited to make these key appointments which support our future success with our strategic vision. Norb will bring a fresh and vigilant approach to ACL and the industry in the area of Governmental Affairs with his over 40 years of inland waterways experience. Jerry will utilize his leadership skills and vast knowledge in lean processes to continue the improvements at our manufacturing business and introduce similar concepts in our transportation business to further improve operational growth and financial contributions."

Wood Dale IL July 25, 2006 - Phoenix International Freight Services, Ltd. announces the opening of thirteen new company offices located in India and Sri Lanka. Phoenix, the largest privately owned international freight forwarder, NVOCC and Customs broker headquartered in North America, this month acquired the majority shares of Eastern Logistics Private Limited in India, and opened an office in Colombo, Sri Lanka.

"We are very excited about the impact these new offices will have on our ability to offer our clients superior and enhanced services to and from the Indian subcontinent. Our global organization just received a very powerfully positive influx of talent and expertise; the future is surely bright for Phoenix and our clients," exclaims Bill McInerney, Phoenix founder and CEO.

Phoenix, a very financially and operationally strong company with a global network of 275 locations in 100 countries, has experienced incredible growth and success since its beginning back in 1979 Chicago, Illinois, USA. Now with global sales revenue exceeding $500 million, Phoenix realizes ensuring a strong presence in the Indian subcontinent (ISC) is vital to steady company growth. "Our success in developing offices in China has been instrumental in the company's recent progress. Eastern Logistics' standing as a premier freight forwarding company with a national network in India provides us with a powerful presence in one of the most exciting and emerging global markets," explains McInerney.

The new office in Sri Lanka is led by managing director Athula de Silva, a veteran international logistics executive, whom Phoenix has entrusted for years to oversee their interests in Sri Lanka.

"We are very pleased to formally bring Athula and his qualified team into the Phoenix family," said McInerney. "We are well-prepared to continue our success in Sri Lanka."

New York July 25, 2006 - The AIG Companies have announced that their agency relationship with American International Marine Agency of New York, Inc. (AIMA), a subsidiary of C.V. Starr & Co. Inc., originally scheduled to cease on December 31, 2006, has been terminated, effective today. Accordingly, AIMA no longer has any authority to act as agent for the AIG Companies.

All marine insurance business formerly conducted by AIMA on behalf of the AIG Companies will now be serviced by AIG Global Marine, a division of the property and casualty insurance subsidiaries of AIG. This includes all underwriting of new business, renewal business, in-force policy service, marine loss control and engineering, accounting and administrative functions formerly conducted by AIMA as an agent of the AIG Companies. Claims will continue to be handled by AI Marine Adjusters, Inc., a wholly owned subsidiary of AIG.

Norfolk July 25, 2006 - The Virginia Port today announced that they have joined with GE's Security business to install fixed readers at the Port of Virginia's, Norfolk International Terminals and Portsmouth Marine Terminal to communicate with Container Security Devices (CSDs) mounted in ocean-going cargo containers as they pass through the terminal.

This step will make The Port of Virginia the first US port in a worldwide Secure Cargo Corridors network, which is being built-up by CommerceGuard, a joint venture of Siemens, GE and Mitsubishi. The Secure Cargo Corridors network will provide the infrastructure to verify unauthorized opening of containers with a high degree of accuracy and reliability.

"This is important technology that will not only help improve the security of containers, but also provide more complete information about a container's contents and transportation history," said J. Robert Bray, VPA Executive Director. "We expect many of the companies that use our terminals, as well as the government authorities who work closely with us here, to benefit greatly from this new capability."

The CommerceGuard System not only alerts as to whether or not the container has been opened, but also stores and communicates valuable information about which ports the container has traveled through, who initially stuffed the container and where it was stuffed.

"With CommerceGuard proving its reliability in multiple independent tests, it is now time to implement this important program," said Louis Parker, president & CEO of GE Security. "GE is very pleased that the Virginia Port Authority has agreed to be the first port in the US to partner with us."

CommerceGuard is the first internally mounted CSD to achieve the high reliability standards demanded in the international shipping industry. In March, Starbucks became the first company to begin operational use of CommerceGuard CSDs on their shipments of green coffee beans from Guatemala to the US and Europe. Siemens, a CommerceGuard partner, also recently announced it has reached an agreement to install the first CommerceGuard readers in the Port of Antwerp, opening the first secure cargo corridor between Europe and the US.

The infrastructure installed at The Port of Virginia will read the status of the CSDs installed and armed inside a container as it passes through the port, and instantly communicate that information to the importer and other authorized individuals who have a need to know.

Long Beach CA July 25, 2006 - PierPASS Inc. today announced that an open testing period will begin on Monday, July 31, for the new procedures for handling export containers under the OffPeak program at the Ports of Los Angeles and Long Beach. PierPASS urges all exporters to begin using the modified system during the testing period to ensure they are ready for the change.

Beginning Monday, August 7, 2006, exporters delivering containers during peak hours will be required to claim their booking numbers before the containers arrive at the marine terminals. Under the revised procedure, exporters must claim their booking numbers by visiting the PierPASS website and entering the booking numbers into their accounts. Export containers subject to the Traffic Mitigation Fee (TMF) that arrive at terminals during peak hours (Monday through Friday, 3:00 a.m. to 6:00 p.m.) without having been claimed in this manner will be turned around and encouraged to use the OffPeak hours of operation.

Athens July 26, 2006 - Euroseas Ltd. announced today that on July 25, 2006, a subsidiary of Euroseas Ltd. signed a Memorandum of Agreement to purchase MV "Torm Tekla." This ship is a Panamax dry bulk carrier vessel of 69,268 dwt built in 1993. The vessel can transport bulk commodities like iron ore, coal, grain amongst others.

The vessel is to be delivered to Euroseas Ltd. between August 20 and September 20, 2006 at the sellers' option. The MV "Torm Tekla" comes with a period charter attached until November 20, 2006 at a rate of USD 19,750 per day.

Following the acquisition of the M/V "Torm Tekla," the Company will have a fleet of 8 vessels, including 2 Panamax drybulk carriers, 2 Handysize drybulk carriers, 3 Handysize containerships and a Handysize multipurpose dry cargo vessel. Euroseas 4 drybulk carrier vessels have a total cargo capacity of 207,464 deadweight tons (dwt), its 3 containerships have a cargo capacity of 66,100 dwt and 4,636 TEU and its 1 multipurpose vessel has a cargo capacity of 22,568 dwt and 950 TEU.

Aristides Pittas, Chairman and CEO of Euroseas, commented: "Our strategy has been to take advantage of market opportunities and grow our company by focusing on age and size segments that maximize our return on equity. The acquisition of M/V 'Torm Tekla' is consistent with this strategy. After the acquisition, the average age of our fleet will drop to about 18 years; and, excluding M/V 'Ariel,' the oldest vessel in our fleet, the average age of our fleet will be 16.7 years which is the age group we believe allows us to maximize the return on our investments. We look forward to further growing our company with suitable vessel acquisitions as opportunities emerge."

Fleet Profile:

The fleet profile of Euroseas after the incorporation of M/V "Torm Tekla" in its fleet will be as follows:

Name Type Dwt TEU Year Built Employment

Dry Bulk Vessels

IRINI Panamax 69,734 1988 Baumarine Pool - 'til end 2008

TORM TEKLA Panamax 69,268 1993 TC 'til Nov-06

NIKOLAOS P Handysize 34,750 1984 Spot

ARIEL Handysize 33,712 1977 TC 'til Sep-06

Total Dry Bulk Vessels 4 207,464

Multipurpose Dry Cargo Vessels

Tasman Trader 1 22,568 950 1990 TC 'til Feb-12

Container Carriers

ARTEMIS Handysize 29,693 2,098 1987 TC 'til Dec-08

YM QINGDAO I Handysize 18,253 1,269 1990 TC 'til Mar-07

KUO HSIUNG Handysize 18,154 1,269 1993 TC 'til Nov-07

Total Container Carriers 3 66,100 4,636

Fleet Grand Total 8 296,132 5,586

London July 26, 2006 - Stolt-Nielsen announced today that it has asked Supreme Court Justice John Paul Stevens to keep in force an injunction by a federal district court that prevents the Department of Justice's Antitrust Division from breaching its amnesty agreement and bringing charges against the Company and its executives.

In a Renewed Application, pursuant to Rule 22.4 of the Rules of the Supreme Court of the United States, the Company formally requested that Justice Stevens (the Circuit Justice for the Seventh Circuit) stay the lifting of the injunction that was ordered by the Third Circuit earlier this month.

The renewed application comes following a decision by Justice David Souter (the Circuit Justice for the Third Circuit) on Tuesday not to intervene in the case.

The Company is seeking this stay from Justice Stevens in his role as Circuit Justice for the Seventh Circuit because of the split between the Seventh Circuit and the Third Circuit on the underlying constitutional issues at stake in this matter.

Separately, Stolt-Nielsen last week asked the US Supreme Court to agree to review the case and the Antitrust Division's attempt to breach its promise of amnesty for the Company. Justice Souter's determination does not, and any decision by Justice Stevens will not, have an impact on Stolt-Nielsen's ability to pursue Supreme Court review by writ of certiorari.

"Whether or not we ultimately succeed with Supreme Court review of the case, we will promptly move to dismiss any action brought against the Company by advancing the very same legal arguments that prevailed when the district court enjoined any prosecution based on our amnesty agreement with the Antitrust Division," said Mr. Hurlock.

============================================================================