Mega-yachts among first exports

PORT CANAVERAL, FL— March 18, 2008 – International shipping operator Stellar Freight Ltd. has moved its service from south Florida to Port Canaveral, with the first ship to arrive during the first week of April. The small line, which specializes in export of equipment and project cargoes to the Eastern Mediterranean, Black Sea, and the Balkans, will export about 20 yachts from Port Canaveral to Greece.

"This is our first eastbound shipment from Port Canaveral, a test shipment, but based on our past experience here, we are looking forward to making Port Canaveral our East Coast U.S. load port," says John Sfingopoulos with Stellar Freight Ltd. “We are telling our customers who wish to ship yachts that we prefer loading from Port Canaveral. We like the capabilities of the labor here and we like working with Ambassador Services."

Ambassador Services Inc. is the terminal operator and will provide stevedoring for Stellar.

"While this is a test shipment, Stellar Freight has the potential to expand to more frequent calls and to cargoes beyond yachts," says Stan Payne, CEO, Port Canaveral. "It has some interesting possibilities for the future."

"The current economic climate has made Port Canaveral favorable for businesses such as Stellar Freight that require break-bulk handling expertise, efficiency, and competitive pricing," says Joe Matheny, Chairman of the Canaveral Port Authority Board of Commissioners. "We are pleased that Stellar Freight again has chosen Port Canaveral, opening up a new trade lane."