Hvide to Trade on Nasdaq Beginning January 2

Hvide Marine Incorporated (HMI) announced that its application for listing on the Nasdaq National Market has been approved. The Company's stock is scheduled to begin Nasdaq trading on January 2, 2001, under its current ticker symbol, HVDM. The company's warrants are unaffected and will continue to trade on the Over-the-Counter Bulletin Board. "This is good news for our investors and an important step forward for the company," said President and Chief Executive Officer Gerhard E. Kurz. "Listing on Nasdaq means a higher profile for HMI and enhanced visibility and liquidity for the stock, as well as immediate access to the best bid and ask prices. We anticipate a broader and more active following among investors as a result."