FEBRUARY 2004

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Ethanol tanker explodes
Coast Guard searches for misxsing crewmembers

Diamond Princess delivered
First large cruise ship from Japan in a decade

New job for O'Neil
Former IMO Secretary General to be president of Videotel Marine International

Austal launches Yemen patrol boat
First in 10-vessel series

EC gets tough on vessel traffic monitoring
States told to implement post-Erika directive

Southwest Pass of Mississipi reopens
One-way traffic allowed after removal of capsized OSV

VT Halter Marine gets stevedoring crane barge order
Will load coal mined in South American operations

Keppel units win $101 million of orders
Includes conversion contract for AMFELS

Australia looks overseas for LHD design
Requests information from Izar and France's Armaris

Key completes $47 million deal for K-Sea
KeyBank (NYSE: KEY) Commercial Banking announces thatb it served as administrative agent on a $47 million financing package for K-Sea Transportation Partners L.P.

Tug/barge missing, feared hijacked
Indonesian tug/barge missing in possible second hijacking after failed initial attempt

Rolls-Royce MT30 passes development milestone
Gains DNV approval

New presence in Korean coatings market
Samsung Fine Chemicals (SFC) and SigmaKalonhave put their Korean coatings operations together into a Joint Venture Company to be known as Sigma Samsung Coatings (SSC).

South Carolina ports plan security charge
$1 a foot of ship's length from July 1, says newspaper

Finnlines goes to Fincantieri for world's largest RoPax ships
4,200 lane meters and 500 passengers

National Defense Tanker RFP out
$50 million per ship assistance on offer

Navy contract for Detyens
Overhaul and drydocking of fast combat support ship USNS Arctic

Corps seeks towboat
Unit for Nashville District

European Parliament maritime panel meets
Lots of open registry bashing

K-Sea repowers yield cost savings, cut emissions
Replaces two-strokes with new Wartsila 6L26 and 9L20 four strokes

VP appointments at Northrop Grumman
Northrop Grumman Corporation's Ship Systems sector has announced the appointment of two vice presidents within its supply chain management area

Pride of America is afloat again
Damaged cruise newbuilding is back in dry dock

ENSCO orders premium jackup from Keppel FELS
Will exchange three ENSCO rigs and $55 million of cash for the construction of a new high performance premium jackup rig.

Promotions at NASSCO
Janice Grace becomes SVP Operations

CP ships announces succession plan
Ray Miles to becomes Chairman and Frank Halliwell CEO

SCR for products tankers
Munters systems ordered for Brostroms vessels building in China

Jones Act group lauds leasing rule
Marine Cabotage Task Force likes U.S.C.G. Final rule on lease financing of vessels in coastwise trade

Ballast water convention adopted
International convention to prevent the spread of harmful aquatic organisms carried by ships' ballast water has been adopted by the International Maritime Organization (IMO)

Tug crews get Fi Fi Class 1 training
Marine Firefighting Institute provides familiarization with new equipment

Liberia and U.S. in pact to prevent WMD carriage by ships
Part of new Proliferation Security Initiative

Singapore gears up for security deadline
Harbor craft security code in works as first port facilty certification issued

GMATS recommends changes in Staten Island ferry operations
Mayor Bloomberg announces result of investigation

Rapid repairs to newbuild tanker diesel
Golten teams fly to Korea to rectify damaged crankpin

Merchant Marine certification for USN training
Navy and U.S. Coast Guard cooperate

DNV benefits from Brazil OSV boom
21 of 25 OSV's ordered from Brazilian yards are DNV classed

Liberia makes progress on ISPS compliance
Almost 400 security approvals by first week of February

Navsea seeks torpedo retrieval class
Solicitation posted

Marinette Marine lays icebreaker keel
Mackinaw on track for 2005 delivery to Coast Guard

Maritrans has "design issues" with barge rebuilds
Structural enhancements needed

Record year for MAN B&W Augsburg
680,000 kW of medium speed, large bore marine diesels ordered for Augsburg production

Shipbuilders' association slams Bush Navy budget proposal
Cynthia Brown, President of the American Shipbuilding Association, says the Bush Administration's FY 2005 budget is "deeply troubling."

Lloyd Werft declares insolvency
Financial squeeze follows Pride of America accident

Bollinger delivers OSV named for fallen soldier
Tidewater vessel honors 1st Lt. Jonathan Rozier

MAN B&W power for diesel electric patrol craft
3,000 dwt vessel for China State Oceanic Administration

Growth at Germanischer Lloyd
Now fourth-largest classification society

Loy addresses Marine Log conference
The Department of Homeland Security has released the text of the keynote address given by ADM. JAMES M. LOY (USCG, Ret.) Deputy Secretary of Homeland Security at Marine Log's MARITIME & PORT SECURITY 2004 Conference in Washington, D.C., on January 27

Kisses and hisses for budget locks, dams and dredging proposals
Industry loves modernization of locks and dams, hates failure to dredge navigational channels

Galley fire on Majesty of Seas
Fryer fire causes minor damage but no injuries

IMO ballast management convention set for adoption
Meeting in London next week

USCG reports 90% compliance with MTSA security plan filing
Notices of violation going out to others

Senesco Marine gets order for 100,000 bbl barge
Guarino & Cox designed unit for Reinauer Transportationm

Abeking & Rasmussen launches SWATH
25 m vessel for German Navy

Cruise bookings soar
CLIA reports strong "wave" period

AAPA "concerned" on port security funding
Ports unhappy with FY05 budget request

Bush unveils FY 2005 Budget
But how much is actually being asked for exactly what?

Palm Beach to use private waterborne patrols
Pilot project managed by SeaSecure

Breakthrough order for Vietnam yards
Graig Group orders up to 15 handymax bulkers

Seabulk buys foreign flag products tankers
International market entry is "new strategic direction"

Piracy incidents increase
International Maritime Bureau reports 445 attacks on ships occurred in 2003

K-Sea acquires ITB
Units were formerly leased by SeaRiver