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ODIM Signs Contract for Seismic

Maritime Activity Reports, Inc.

April 28, 2006

ODIM has signed a contract with the seismic company Fugro Geoteam on delivery of the remaining parts of a complete handlings system for the 3D seismic new building Geo Celtic. In addition to this contract, ODIM received on January 26 the first part of the complete handling system for this vessel. ODIM has over the last years built up a key expertise on electric drive systems for handlings systems to be used aboard 3D seismic vessels. Fugro Geoteam will be the first seismic company to outfit a vessel with an all-electric automated handling system.

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