To:      Securities and Exchange Commission
         450 Fifth Street, N.W.
         Washington, D.C.  20549



                        Re:     Millenium Seacarriers, Inc.
                                Registration on Form F-4


We are aware that our report dated July 15, 1998, except as to Note 11 for which
the date is July 24, 1998, on our review of combined interim financial
information of Group of Shipping Companies acquired by Millenium Seacarriers,
Inc. as of March 31, 1998, and for the three month period then ended, and
included in the Company's quarterly report on Form 10-Q for the quarter then
ended is incorporated by reference in this Registration Statement. Pursuant to
Rule 436(c) under the Securities Act of 1933, this report should not be
considered a part of the Registration Statement prepared or certified by us
within the meaning of Sections 7 and 11 of that Act.


                                /s/ Coopers & Lybrand




Pireaus, Greece
November 25, 1998