OCTOBER 2004

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Seabulk orders AHTS's
Four plus options from Singapore's Labroy

Huge Navy orders for Northrop Grumman Newport News
$603,810,031 of carrier and submarine work

PSV orders for Kleven
European owner orders two VS 470 Mk II's

International Shipholding sees tax savings ahead
New Orleans based owner joins parade of U.S,-based operators expecting to benefit from Jobs Creation Act

Star Cruises adds fuel surcharge
Says its from $2 to $4 per passenger, per night

Aker Finnyards gets cruise ferry contract from Tallin
1,700 man-years work for Rauma yard

Exmar and Golar in LNG joint venture
Three vessels to be operating by year end

More cruise ship berths for New Orleans
MARAD to relocate RRF vessels

Ex-Im Bank and MARAD sign MOU
Schubert says it's "a win for U.S.-flag carriers"

OSG to get huge boost from new tax law
Tanker giant says new tax law is a major step forward in creating economic conditions for U.S. companies to invest in the international shipping business.

Sembcorp Marine and NWS ink LNG repair deal
$45 million five-year deal

EU Justice Ministers take tough line on criminalizing marine pollution
...but Greece, Cyprus and Malta are still stalling

$80 million in Azipod orders
Five more newbuildings to have ABB podded propulsion

USCG, TSA team studies ferry security
"The threat to ferries is real..."

Carnival in $1 billion stock repurchase plan
Reflects strong cash flow and responds to S&P index float adjustment

P&I warning on pilot personal injury claims
Slip followed by $2 million claim

Chouest in Brazilian shipbuilding move?
Brazilian Shipbuilding LLC incorporated in Louisiana

Bollinger gets asphalt barge order
Five 30,000 BBL D/H units

TSA tests new ferry security technology
Cars being screened for explosives

Senesco Marine wins major AT/B contract
Rhode Island yard will double its labor force

Marshalls leave CATS ferry
Court returns custody to owner, but ferry must remain in Rochester

EC says illegal shipbuilding subsidies must be repaid
Decisions involve Izar, Kvaerner Warnow and Hellenic Shipyards

VT Halter Marine launches PCTC
Pasha vessel is first modern PCTC from U.S. yard

Aker Finnyards in containership agreement
Three 15,000 dwt vessels will each carry 155 special-size containers

NASSCO starts fourth Alaska class tanker
First steel cut

Carnival orders two cruise ships for AIDA
Meyer Werft to build smiling duo

NTSB delays release of S.I. ferry information
Prosecutors need more time to review material

Ship operating costs increase
Report from Moore Stephens notes rising crew and insurance costs

SWATH crewboats ordered for PEMEX
$25 million order for two Lockheed Martin SLICE technology units

Lockheed Martin LCS passes major milestone
Successful, on schedule completion of Initial Critical design Review

Paris MOU inspection campaign focuses on seafarer living conditions
Deficiencies could mean detentions

FCC proposes allocating AIS frequencies to USCG
but issue may ultimately be resolved in court

$1.2 billion in orders for Daewoo
With $5.6 billion of orders booked thus far this year, Daewoo raises its sales target to $7 billion

Succession at Detyens
Loy Stewart steps down as president, Loy Stewart, Jr. takes over

Australia moves ahead with destroyer project
Seeks Australian-built Aegis destroyers

La Cruise gets temporary reprieve
Can stay in port pending appeal of COTP expulsion order

Siem orders PSV's at Aker Langsten
Vessels will be Vik-Sandvik VS 470 mk II design

Fincantieri unit to supply gensets for Lockheed Martin LCS
FDGM, Inc., will supply Isotta Fraschini-powered Ship Service Diesel Generators

Texas-Mexico ferry planned
Corpus Christi opens way for service to Veracruz

$9.7 million Navy contract for Todd
Blast and paint work on Los Angeles class sub

Horizon to build pilot boat for Iraq
Coalition Provisional Authority order

USCG updates boarding targeting lists
Flag state administrations and previous ports of call are factors in determining security risk

Horizon's Raymond opens Short Sea Shipping Conference
Recommends "the trilogy of water, rail and highway systems complement and not compete with each other"

EU paper spells end for liner shipping conferences
Anticompetition immunity likely to be lifted

Container barge feeder service to link NY/NJ and Bridgeport, Connecticut
Shifting sea containers from road to water

Washington State Ferries probed for terror attack?
Suspicious behavior includes videotaping of operations, reports the Seattle Times

Stolt-Nielsen equips entire fleet with Iridium
Meets SSAS requirement and handles crew calling needs

Charges brought in Philippines ferry bombing
Arroyo says hunt continues for "master minds"

More PSV orders for Aker Yards
One apiece for Brevik and Brattvaag

German yard merger moves ahead
ThyssenKrupp and one equity sign agreement

Busy session for IMO's environmental panel
52nd meeting of MEPC takes place in London

American Club starts pilotage training
Program aims to cut "pilot on board" claims

Austal USA launches ONR technology demonstrator
Seacat hullform designed for 50+ knot speeds

Lamont Doherty Earth observatory acquires research vessel
A 3D seismic research vessel is to have a new career as an academic research vessel

American Superconductor and Northrop Grumman in alliance
Joint sales and marketing effort will focus initially on HTS electric propulsion motors for the U.S. Navy.

Intermarine affiliate buys Houston terminal
Joe D. Hughes Terminal now Industrial Terminals

AIS receivers to be mounted on NOAA buoys
Part of Coast Guard initiative to extend Maritime Domain Awareness

Polar Adventure enters service
Fourth Endeavour class double hull tanker joins Polar tankers fleet

Frontline buys 1992 Suezmax
Ship has six years trading before phase out

Casino vessel ordered out of U.S. waters
Coast Guard says La Cruise failed to meet required safety standards, ignored specific COTP orders

ACLU seeks end to ferry random searches
Operators might have to move to non-intrusive screening

Island Offshore orders PSV
Chouest-connected Island offshore goes to Aker yards for 755L

Maersk Line, Limited to replace six MSP ships
Modern containerships to replace six vessels built in 1980's

$1.5 million settlement in 1996 spill case
France Shipmanagement to pay $1.5 million to U.S. and New Jersey

SNAME honor for Kramek
Land Medal awarded to ABS President and COO

EU publishes list of Banned Ships
Official Journal lists 19 ships denied entry between November 1, 2003 and August 31, 2004

Princess goes to shore power in Seattle
Plugging in to city electricity means a $500,000 per ship investment

BP orders LNG carriers
Opts for diesel-electric power