JULY 2004

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B.C. Ferries defends decision to build in Europe
Cites B.C.'s previous fast ferry fiasco

Profits up at Odfjell
Despite some well publicized problems, tanker owner reports good half-year earnings

U.K. fatigue study faults STCW manning levels
Recommends IMO be asked to review guidelines on safe manning levels

Navy to build ships to ABS class
Next generation of combatants and support vessels will meet class society's technical guidelines

OSG earnings soar
Eyeing expansion into new markets

Kvichak delivers yacht hull
First success in new market

Record earnings for Kirby
Plans $41 million of barge newbuilds

Tidewater reports profitable quarter
Sees pick up in international activity

Canadian passenger boats in biodiesel project
Pure biodiesel will fuel a fleet of various types and sizes of passenger vessels operating in two tourist-intensive areas

Trailer Bridge to buy K.Corp from Malcom McLean estate
Owns two 736 ft Ro/Ro barges currently chartered to Trailer Bridge

USCG publishes final rule on ballast water management
Getting tough with invasive species

Enchantment to get a stretch
New midbody will be added in "revitalization" project

U.S. loans container X-ray machines to Piraeus
CSI extends to Greece in time to help safeguard Olympics

Skeie exercises jackup option at Keppel FELS
Orders KFELS Super B class jackup at a price of US$126 million

Cruise line names lawyer as senior VP fleet operations
Dan Grausz moves up at HAL

TODD SHIPYARDS REPORTS PROFITABLE QUARTER
Earnings buoyed by Navy work

ATWOOD JACKUP SUSTAINS DAMAGE
"Unexpected rapid penetration" of two legs while positioning for next well

MAERSK ENGINEER ENTERS GUILTY PLEA
Destroyed documents in pollution investigation

Carlyle eyeing BAE shipyards?
Reports in U.K. press says U.S. private equity firm may bid for BAE's naval shipbuilding business

Coast Guard act approved
Requirement for USCG inspection of foreign-flag ship security plans not included

Conrad gets towboat contract
$8.9 million Corps of Engineers award

Hornbeck orders tank barge
135,000 bbl unit from Leevac

Alaska charges Greenpeace with violating environmental laws
Says Arctic Sunrise left port while still in violation

Master held after bomb scare
Turkish captain faces charges as ship remains detained off Delaware

Standard & Poor's takes American Club off CreditWatch
..but lowers rating

Keppel O&M wins AHT order
SMIT Transport & Heavy Lift exercises option at Keppel Singmarine... and ENSCO awards rig slot-to-cantilever conversion to Keppel FELS

Teekay joins the record breakers
Reports highest ever second quarter net income

Paris MOU reports ISPS detentions
Paris MOU inspections led to 24 security related detentions in the first two weeks of the ISPS era.

House Senate conference approves $11,1 billion for Navy shipbuilding
The conference report on the FY2005 Defense appropriations bill goes $240 million above the Administration's request

State Department final rule on crew list visa elimination
Rejects pleas for crew list visas based on proposed ILO seafarer ID

Record first half for OMI
continues to see strong rates in third quarter

Sembcorp Marine takes stake in Chinese repair giant
to acquire a 30 percent equity stake in the enlarged capital of COSCO Shipyard Group

Stelmar reports record earnings
...and Golden Energy emerges as a suitor

Australia boosts maritime security spending
Howard announces US$74.7 million, four year program

U.K. extends "assessment phase" of carrier program
Defers investment decision but still hopes to have ships in service by 2012 and 2015

Maritime Security: What the Paris MOU asks
If ships can't come up with the right answers to these eight questions, they've got problems

Northwest gets port security R&D grant
TSA awards $1.62 million for development of a prototype multi-jurisdictional, multi-agency Columbia-Snake River system Cargo Information Action Center

Matson christens second ship at KPSI
Maunawili will commence with sea trials later this month and enter Matson's Hawaii service in the fall

Carnival restructures Cunard's North American operations
Line will be relocated to Santa Clarita, California, home to sister company Princess Cruises

Meyer starts construction of U.S.-flag cruise ship
NCL's Pride of Hawaii will incorporate some Project America materials and equipment

Teekay sells its stake in TORM
Realizes $90 million gain on sale

Greenpeace ship breaches Alaska environmental regs
Arctic Sunrise held in Ketchikan

New push to loosen security restrictions on shore leave
Major lobbying effort planned for World Maritime Day

Speedier Title XI processing?
DOT says new department-wide Credit Council should enhance efficiency

Corps seeks towboat
Invitation for bids out soon

General Maritime sells four single skin Suezmaxes
With sale, percentage of double sided. double hulled ships in fleet is 89% and average age is 9.8 years

USCG policy extension resolves conflicts with SOLAS
Owners won't have to meet existing regs that conflict with new SOLAS requirements

Keel-laying at NASSCO
Third ship of BP quartet

Frontline raises $21.5 million, buys single skin Suezmaxes
Says it's an "opportunistic deal" to maximize cash flow

Marshall Islands issues record number of seafarer documents
Keeping up with fleet growth—-and need to meet port state scrutiny

Coast Guard to shipowners: "No ISSC, no entry!"
Vessel operators must have valid International Ship Security Certificates and other information required by ISPSas part of their notification of arrival requirement to enter U.S. ports

LR extends ACP to OSVs
First non-U.S. classification society authorized to offer program to OSVs

Jeffboat set for 10,000th launch
July 17th event will be marked by music, balloons, ice cream--and lifetime achievement awards for two

Shipowners must "speak with one voice"
P&I Club seeks action against "seemingly unrelenting campaign by the world's governments and public authorities to penalize and criminalize the shipping industry"

Frontline in newbuilding swoop
Gets pair of 2006 VLCCS for $158.5 million

Windelev Consulting open for business
Claus Windelev is back in the U.S. after a three-year assignment in Europe

VT Halter Marine closing in on Egyptian missile craft deal
Congress notified of possible sale

Kingston-Seattle ferry service approved
Vessel sold on Ebay could soon be back in service

Korean ships on terror alert
Crews ordered to remain on board in Arab Gulf ports

Bean Stuyvesant wins appeal
U.S. Court of Appeals rejects decision upholding bid protest againts Corps of Engineers

ISPS/MTSA: Coast Guard completes the first week
Commandant says "relativly small number" of non-compliant vessels and facilities

Barwil offices will give ISPS guidance
Now there's a BSO (Barwil Security Officer) at each of Barwil's 243 offices worldwide

OMI no longer pursuing Stelmar acquisition
Will focus on integration of 14 vessels being acquired from Athenian Sea Carriers and Arcadia Ship Management

Crowley reports smooth transition to new security regime
One week after the implementation of new security measures at ports across the U.S., Crowley Liner Services vessels and cargoes are continuing to move with no unexpected delays

Container super barge enters service
VT Halter Marine delivers 912 TEU unit to Columbia Coastal

Management transition at CATS
Martin takes over as president as company takes ownership of "The Breeze"

USCG denies entry to more ships
The total number of ships denied entry to the U.S., or detained in port, for ISPS-compliance failures is rising

BCP starts full enforcement of automated cargo data filing requirement
U.S. Customs and Border Protection has begun full enforcement of the automation requirement for vessel cargo data filing under the Trade Act Regulations.

Blue Water Network loses diesel emission appeal
Court endorses EPA "two tier" approach

Guilty plea in cruise pollution compliance case
$10,000 fine, probation andcommunity service for retired Coast Guard Captain Richard Softye

NCL announces new delivery date for Pride of America
Agreement with Lloyd Werft will see ship delivered June 6, 2005

More ships caught in USCG ISPS enforcement
Updated numbers figures show 20 foreign flagships penalized for ISPS deficiencies--and 36 U.S. vessels with MTSA problems

USCG ISPS crackdown
Preliminary figures show 6 foreign flagships penalized for ISPS deficiencies--and many U.S. vessels with MTSA problems

California spill response merger
Clean Coastal Waters becomes part of MSRC's California Region

Two more ships come under MTC management
Crowley subsidiary take over management of U.S.-flag containerships Delaware Bay and Chesapeake Bay

Customs goes back to pro-rata assessment of duties on ship repairs
Appeals court turns down earlier ruling by Court of International Trade

Kvichak keeps busy
Delivers two cats and has fireboat under construction

Ulstein Verft gets PSV order
Island offshore orders P105 with option for second vessel

IMO Secretary General praises ISPS efforts
Mitropoulos says 86 percent of ships and 69 percent of port facilities had plans approved by July 1

$250 million Maritime Security Cutter contract awarded
Northrop Grumman gets production, long lead material awards

Odfjell CEO to step down
Has been on leave of absence since accepting U.S. jail term

OMI ends Stelmar "stand still" agreement with Stelios
...and Stelmar Board authorizes a "review of strategic alternatives" after Loeb calls for an auction of the company

The magic pipe and the golden whistle
Hoegh Fleet Services A/S gets a $3.5 million fine...and a whistle blower collects $300,000