NEW CENTURY OVERSEAS MGMT INC

New Century Overseas Mgmt Inc is on record in the Philippines as an ISM manager, overseeing 17 vessels with a combined 1,057,197 DWT. Bulk carriers represent 88 percent of the fleet, with general cargo vessels making up the balance. As ISM manager rather than registered owner, the company's recorded role is safety-management oversight under the ISM Code rather than holding title to the ships.