August 12, 2007

We are continuing to recognize significant escalation of the prices we pay for our bunker fuel. We last increased our Puerto Rico BSC effective 5/27/07 and as a result of continued escalation we will be adjusting our BSC effective 8/12/07 as follows:

To/From:	Present	Effective 8/12/07
Jacksonville & Port Everglades
20' Containers	$350	$375
40' / 45' Containers	$390	$420
48' / 53'	$420	$455
Automobiles	$155	$165
Breakbulk Cargo	$125	$135
Other Self Propelled / Towable Units	$310	$335
To/From:
Port Elizabeth & Houston
40' / 45' Containers	$390	$430

We will continue to monitor our bunker prices and will adjust our BSC accordingly. If you have any questions with regard to the application of the BSC, please don not hesitate to contact your Sea Star Line representative.