46IO Barclays 24

RNS No 0981n
U-MING MARINE TRANSPORT CORPORATION

      U-MING MARINE TRANSPORT CORPORATION AND SUBSIDIARIES

Consolidated Financial Statements as of December 31, 1998 and 1997

Together with Independent Auditor's Report


A copy of the above is available for inspection from the Company
Announcements office of the Stock Exchange, London.

END


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