TAX CONFERENCE

The recently enacted "American Jobs Creation Act" gives significant tax breaks to a number of U.S. industries--including shipping.

MARINE LOG and BLANK ROME will present a senior level seminar CHANGES IN U.S. TAXATION OF SHIPPING INCOME in Stamford, Conn. on April 5 & 6, 2004

Make sure you know how the new tax rules work!


March 8, 2005

Chouest plans to buy Gulfport yard

One of our favorite newspapers, the South Mississippi Sun Herald has confirmed something first reported on Tim Colton's website www.coltoncompany.com. You can read the newspaper story here: http://www.sunherald.com/mld/thesunherald/business/11077452.htm

The paper's Anita Lee today reports that Edison Chouest Offshore hopes within two weeks to exercise an option to buy the former Halter Marine Gulfport property.

The yard is currently owned, but not used, by VT Halter Marine

The Sun Herald reports that Bill Hessell, interim director of the Harrison County Development Commission, said Monday that the company plans to open a subsidiary operation, North American Gulfport, which would build offshore service vessels for ECO.

Chouest plans a $40 million investment in the property and would hire up to 450 employees over three years, says the Sun Herald.

In Gulfport, says the Sun Herald, the company would build vessels from 280 to 350 feet in length. If power lines can be moved, vessels of more than 500 feet might be constructed.

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