KESTREL, the latest double-hull Very Large Crude Carrier (VLCC) to be registered in the Marshall Islands, joins five sister VLCCs already under that flag. The new state-of-the-art 306,324 dwt tanker is being leased to MARCARE Shipping Co., a joint venture among subsidiaries of ExxonMobil, the Onassis Group and Petro J. Goulandris Sons Group. She will be chartered by International Marine Transportation Limited (IMT), a subsidiary of ExxonMobil Corporation based in the UK, which now has 20 vessels registered in the Marshall Islands. The KESTREL brings the fast-growing Marshall Islands fleet to more than 330 ships of over 10 million GT. The registry is administered by International Registries Inc. The ship was built at Hyundai's Ulsan yard in Korea, the world's largest shipyard.