On June 12^th an opening ceremony was held at HMD for the new site office of Greek shipowner Eletson Holdings, Inc.

Representatives from Eletson, HMD, and classification societies attended the ceremony.

Mr. Ilias Katsos is expected to be the site office’s chief supervisor, which will begin operations in June of 2010.

Eletson Holdings, one of HMD’s major clients, currently has four 35,000m³ LPG Carriers and six 52,000-dwt Product Tankers on HMD’s backlog.