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March 31st, 2004  Cormac Maritime LLC and Solarc Inc. agree to enter into a strategic Alliance agreement to co-market their system products.  SolArc, Inc. is a leading provider of enterprise trade management solutions for the global commodity trading industry that integrate trading, scheduling, accounting and risk management functions into an easy-to-use interface. Headquartered in Tulsa, Oklahoma, visit SolArc at http://www.solarc.com

January 1st 2004  Cormac Maritime LLC, finalizes acquiring full ownership of Compliance Development Corporation’s (CDC’s) Marine Systems including the MaritimeBridge Maritime Information Exchange, as part of its ongoing effort to position itself as a full-service Marine Products, Services and Shipping Company,

Cormac’s enhanced and rename “MarineCare Family of Marine Information Systems” systems include Vetting, Charter, Voyage, Vessel, Barge, Demurrage & Cargo Loss Modules and the unique web-based MaritimeBridge Information Exchange which serves to significantly decrease the time and effort required in information exchange between in port shipping activities and commodity trading/refinery clients.

The MarineCare Family of Systems are all web-based, customizable and can be integrated seamlessly with existing in-house system architectures towards decrease existing marine process costs and to position our clients to be proactive in marine logistics instead of being merely victims of marine freight.

November 5th 2003 Cormac Maritime LLC gives a presentation on its MaritimeBridge family of products & services to the 2003 Digital Ship Conference in London entitled “Bridging the Gap to Achieve a New Level of Efficiency and Safety in Marine Logistic Solutions - How shipping companies can use IT to keep track of port activities affecting their vessels.  How this information is useful to charterers and how it can be passed onto them using web services.”  See website at www.thedigitalship.com

October 23-24th 2003  Cormac Maritime LLC participates as seminar sponsor at  the ASBA/BIMCO Annual Cargo Conference “Trends in Commodity Movements” in Miami, Florida.  See website at www.bimco.dk/

May  15th 2003  Cormac Maritime LLC makes the Irish Maritime Development Office (IMDO) Newsletter as one of the companies considering opening a Marine Technical office in Ireland to benefit from Ireland’s Shipping Tonnage Tax.  See newsletter at www.imdo.ie/e-newsletter5.htm

March 16-19th 2003  Cormac Maritime LLC attends Connecticut Maritime Association 2003 Shipping Conference and co-sponsoring a display booth with the Houston Maritime Arbitrators Association (HMAA), Cormac was able to display its latest MaritimeBridge Hand-Held data collection device and discuss its many benefits with prospective clients.

February 10th 2003  Cormac Maritime LLC, signed a Marine Demurrage processing agreement with El Paso Energy Corporation’s affiliate, El Paso Marine Company.  As part of their Cargo-Voyage Services business line, Cormac Maritime will be providing Marine Demurrage claim administration, analysis, collections and settlement services for El Paso’s Petroleum activities.  Through this outsourcing, El Paso is able to benefit from a significant reduction in the overall cost of its Marine Demurrage administration by taking advantage of Cormac Maritime’s proprietary Marine ClaimCare Process.

October 1st 2002  The Cormac Companies LLC, Parent of Cormac Maritime LLC, acquires full ownership interest in MaritimeBridge web-based Maritime Information Exchange Portal from CDC Development Corporation.

In exchange for cash and shares of Cormac Maritime LLC, The Cormac Companies LLC has purchased the rights to the MaritimeBridge web-based product line of Maritime Information Exchange programs including its existing 400 client users. As part of an on-going effort to position Cormac Maritime LLC as a full-service Marine Products and Services Company, the MaritimeBridge family of information products allows Cormac to significantly decrease the time required for information exchange between import shipping activities and its oil trading/refinery clients while also providing it with a solid foundation from which to introduce its supplemental line of other Marine services including Cargo Voyage, Charter Management and Marine Technical Services.
 

 
 

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