FEBRUARY 2005

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Jurong gets Independence Hub contract
Fabricating semisubmersible hull

U.K. orders new Falklands patrol vessel
Innovative charter and logistics support contract utilized

Matson to buy Kvaerner Philly box ships
Will launch new Hawaii-Guam-China service

DD(X) to go to a single yard?
Navy drops broad hints it wants to recompete program

Tax changes boost OSG revenues
Tanker giant reports record net income

Hornbeck Offshore Revenues soar
OSV demand up as oil companies "increase their emphasis on replacing reserves through the drill bit"

Daewoo Shipbuilding & Marine Engineering wins $1 billion FPSO contract
Chevron Texaco awards Agbami FPSO contract

Rolls-Royce boosts Mississippi propeller maching capabilities
New gantry milling unit triples machining speed

$1 billion profit for Frontline
Tanker giant benefits from "exceptionally strong" rates

EU Coast Guard by 2006?
European Parliament wants tougher action on pollution

Trico set to exit Chapter 11
New $75 million financing facility

Management appointments at Conrad
Terry Frickey appointed COO/p>

Environmentalists slam ship scrapping meeting
IMO hosted a Joint Working Group meeting on ship scrapping--and Greenpeace didn't like what came out of it

Guilty plea in pollution case
Crew discharged as material witnesses after master pleads guilty on obstruction of justice charge

U.S. research ship faces Mexican fines
Maurice Ewing grounds on coral

Environmentalists seek Newark bay dredging delay
Want to ensure Corps uses safe methods for removing contaminated sediment

European Parliament set for marine pollution debate
Transport Committee takes a hard line on criminalization

EC approves "innovation" aid for German yards
Euros 27 million available over four years

Shell gets approval for offshore LNG terminal
Gulf Landing Record of Decision fom MARAD

New BV rules for FPSO's
Address issue of cracking

Teekay reports record earnings
Helped by strong spot market

USCG Commandant visits IMO HQ
Maritime security high on agenda at meeting with Secretary General

Bouchard orders two more OPA 90 barges from Bollinger
80,000 and 110,000 barrel units/p>

MAN B&W two strokes for mega tug
90 m newbuild under construction at Wuchang

Wachtel takes over key NY Waterway ferry routes
Port Authority approves agreement

Non-tank vessel response plan NVIC
USCG guidance ahead of August 8, 2005 deadline

Maritrans benefits from strong spot market
... and continues double hull conversion program

Van Dyck steps down as Maritrans Chairman
William A. Smith named successor

Kidnapped Turkish shipbuilder freed
Had been held in Iraq

Offshore LNG terminal planned for Massachusetts
Hoegh teams with Tractebel

Aker Kvaerner takes stake in Russian yard
Deal seen as "door opener"

<OMI reports record earnings
Helped by historically high tanker rates

Giant wave batters cruise ship in Med
Power partially regained after four hours

CMB unit takes resale profit on bunker resale
$19 million capital gain on sale of panamax bulker acquired last year

Administration aims to end NDTV tanker program
Not in FY 2006 request and Administration will seek recission of $74 million FY2005 funding

Todd Shipyards only qualifier for ferry project
Washington State Ferries plans to negotiate contract

Austal-built patrol boats head for Yemen
Marks milestone in Australian yard's entry into international military market

Conversion order for Ulstein Verft
Second Solstad cable ship to be converted for offshore construction role

Budget slashes Navy shipbuilding
$1.7 billion reduction sets stage for Congressional battles

MAN B&W Diesel breaks 100,000 bhp barrier
With an output of 101,576 bhp (74,760 kW) the 12K98MC is by the most powerful MAN B&W Diesel design engine in production.

ABS relocates North America HQ
Houston to Paramus, NJ

Turkish interest in Rochester ferry auction
Istanbul Fast Ferries gets permission to inspect

Title XI targeted again
Just $4 million requested

Port security, dredging take budget hits
Port security no longer separate line item

CATS, Rochester settlement in ferry row
Stage set for city to bid at February 28 auction

OSG's Bob Cowen steps down
Helped win restoration of vital tax break

PVA elects new leadership
Troy Manthey becomes President of Passenger Vessel Association

ICS slams EU pollution penalization initiatives
also concerned by USCG long range tracking plan

Wartsila plans auxiliary engine production in China
Signs letter of intent for 50/50 joint venture with CSIC

Data the key to maritime security says Chuck Raymond
Keynote address at Maritime and port Security 2005 conference

USG makes international affairs appointment
Katherine E. Johnson named director of international affairs staff and foreign policy advisor

House members seek GAO LNG probe
Want investigation of vulnerabilities to terrorist attack

MAN B&W power for REPASA tugs
Twin L27/38 diesels coupled with twin Steerprop azimuthing propellers

USCG/CBP simplify info filing requirements
eNOAD now available, but does not yet cover cargo

OMI charters Suezmax newbuilds
Sells two handysize crude carriers, now has all DH fleet

Graykowski joining OceanBlue Express
Will be Washington adviser to Roekke start up company

Box ship in radiation scare
Gauge used to check fire detectors causes alert

Roekke rolling on shipping line plan
Competition for Matson and Horizon?