VALLES FLEET

Valles' tankers consists of Aframax Tankers, Medium-Range Product Tankers (MR) and Long-Range Product Tankers (LR2).

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Valles' former bulkers were in the Panamax Bulk Carrier size with approximately 75,000 DWT.

Valles maintains relationships with major shipyards.  The Company will continue to conservatively grow its fleet, entering into Newbuilding contracts against long-term time charters or for tonnage replacement.

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