For the second time within the course of a week, we have the pleasure of announcing that have signed a new Maritime Resource Management training agreement. This time with Precious Shipping Public Company Limited (PSL) in Bangkok. PSL has been a member of The Swedish Club for many years and operates today 44 dry cargo ships. PSL is at the moment building up a training centre in their office building in Bangkok with the primary purpose of training own officers and staff. PSL expects the training centre to be completed in the beginning of 2008. We welcome our new partner to the group of MRM training providers.