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DI GREGORIO CEASES OPERATIONS AS A CARRIER

DI GREGORIO CEASES OPERATIONS AS A CARRIER

   Di Gregorio, the Brazilian shipping line that suspended its U.S. East
Coast/East Coast of South America in February, has now ceased operations as a carrier.

   An executive of Di Gregorio said that the company now trades as an agent
for other shipping lines offering services to Asia and the Mediterranean.