RNS No 6484e
U-MING MARINE TRANSPORT CORPORATION


                       Circular Re: 

                      US$90,000,000

       U-Ming Marine Transport Corporation (the "Company")
                1.5 per cent.  Bonds due 2001.


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


END

CIRCCOCBDDKDACD


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