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CURRENT ISSUE

BEATING THE PIRATES
What's the best way for a shipowner to avoid having a ship hijacked by pirates?

Reroute the ship even if it means a huge diversion
Stay within recommended safe limits and patrolled areas
Hire an on-board security team
Just hope for the best

November 4, 2008

U.S. Shipping Partners to seek OTC listing

U.S. Shipping Partners L.P. today filed a form 8-K with the SEC saying that it is in discussions with market makers to arrange for its units to be tradeable on the OTC bulletin board beginning November 6, 2008.

This follows a New York Stock Exchange announcement on October 30 that the partnership's common units would be suspended prior to the market opening on Thursday, November 6, 2008.

The suspension decision was reached in view of the fact that the partnership has fallen below the New York Stock Exchange’s continued listing standard regarding average global market capitalization over a consecutive 30 trading day period of not less than $25 million, which is the minimum threshold for listing.


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