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Maritime Activity Reports, Inc.

July 7, 2004

Fritzner New CEO of SNTG

Stolt-Nielsen S.A. appointed Otto H. Fritzner as CEO of Stolt-Nielsen Transportation Group (SNTG). Fritzner most recently served as Managing Director, Ship Owning at SNTG. He succeeds James B. Hurlock, who was named Interim CEO of SNTG in July 2003. In other SNTG news, it was announced that:

• SNTG's global operations will be organized into three regions - the Americas, administered from Greenwich, Conn.; Asia-Pacific, administered from Singapore; and Europe, the Middle East, India and Africa (EMEIA), administered from Rotterdam, SNTG's corporate headquarters.

• SNTG's Indian Ocean Service and the Europe-to-Asia Pacific Service will be operated out of Rotterdam.

New President of Skaugen PetroTrans

I.M. Skaugen ASA announced that Skaugen PetroTrans (SPT), its 50 percent owned joint venture company, has appointed Per Voie as its President. He succeeds Trygve Munthe, who was named its President of SPT in 1993. Per Voie (52) comes to SPT after a 28-year career with the Stolt Nielsen Group. Skaugen PetroTrans is the leading US lightering company handling more than 1.2 million barrels of crude oil per day employing an average of 11 aframax tankers.

Kleimola Named CIMAC President

Prof. Matti Kleimola, CTO, Wärtsilä Corporation, was elected as President of CIMAC (the International Council on Combustion Engines) for the next three-year term in the association's 24th World Congress in Kyoto in June 2004. Kleimola was formerly a Vice President for the CIMAC Executive Board.

Hellberg Takes Post at Wärtsilä

B.Sc. (Eng.) Lars Hellberg (45) has been appointed Group Vice President, Head of Engine division and member of the Board of Management as of June 1, 2004. He joins Wärtsilä from Saab Automobile AB in Trollhättan, Sweden.

Dougherty Appointed

Pennslyvania Governor Edward G. Rendell announced his appointment of John J. Dougherty to the Delaware River Port Authority of Pennsylvania and New Jersey (DRPA).

New Vice President at MAN B&W Diesel A/S

Lars Bonderup Bjørn has been named Vice President for MAN B&W Diesel A/S, with the responsibility of managing the MAN B&W Denmark Four-stroke Division.

Hunter Wins Bateman Award

The American Shipbuilding Association (ASA) announced that Congressman Duncan Hunter (R-CA) would be the 2004 recipient of the Herbert H. Bateman Award. "Duncan Hunter, throughout his nearly 24 years on the Armed Services Committee, has been a tireless advocate of a stronger defense shipbuilding industrial base. He has consistently worked for larger defense procurement budgets to fund the required number of naval ships," said Cynthia Brown, President of the American Shipbuilding Association.

Brunswick, VT Halmatic Announce Agreement

Brunswick Commercial & Government Products (BCGP) and VT Halmatic Ltd. (VTH), two makers of boats for military and commercial use announced a joint marketing agreement to offer a wide array of products and services throughout the world. Under the agreement BCGP and VTH will offer an integrated line of products and services comprised of boats, ranging from 13 - 120 feet, and related parts and accessories for civil and military agencies as well as after-market technical support services.

PMI Conducts Foss Training Session

Gregg Trunnell, Director of the Pacific Maritime Institute (PMI), said that a training program designed to help deck officers assess their crewmembers' proficiency skills has now enabled Foss Maritime to keep up with licensing requirements and maintain its pool of future marine managers. PMI held three separate four-hour "assessor training" sessions for Foss during May and June. Captain Richard Brooks, an IMO certified instructor and 27-year veteran of Sealand Services, instructed the program. PMI's Assessor Training course curriculum includes information on how to write a "skill sheet," which identifies the performance of various tugboat skills, such as pulling a barge away from a dock. Deck officers are trained how to conduct objective assessments based on realistic performance standards. Additionally, all attendees review a presentation by Dr. Alice Barnes, a noted behavioral psychologist who works with the maritime industry.

Nauticast, Sperry Marine Join Forces

AIS specialist Nauticast Navigationssysteme GmbH and Northrop Grumman Sperry Marine, BV have signed a major global service deal, which became effective as of May 1, 2004.

VT Halter Wins ATB Contract

VT Halter Marine Inc. signed a contract to build two articulated tug barge (ATB) units for Vessel Management Services, a subsidiary of Crowley Maritime Corporation. The total cost of the two vessels is expected to approximate an aggregate of $85 million at delivery, which includes the cost of owner furnished equipment. The contract includes an option to purchase two additional units, which if exercised must occur within one and one and one-half years respectively. Delivery of the first unit of ATB is expected to take place in 1Q 2006 and the 2nd unit in 3Q 2006.

US Navy Orders Gavia AUV

The Space and Naval Warfare Systems Centre (SPAWAR), San Diego has placed its initial order for a Gavia AUV for testing in mine countermeasures (MCM) applications, and has an option to procure up to 10 additional units under an existing contract awarded to Hafmynd Ltd.

C & C, Kongsberg Maritime Sign Agreement

Kongsberg Maritime, Inc., USA and Kongsberg Maritime, Norway have signed an agreement with C&C Technologies, Inc. for the sales and support of Hugin Autonomous Underwater Vehicles to the U.S. Government.

Transas, SevenCs Sign Agreement

Transas and SevenCs have signed a cooperation agreement based on the implementation of the Transas chart toolkit into the SevenCs EC2007 ECDIS Kernel Software. SevenCs Kernel user will have full access to the complete Transas World database in TX 97 format in addition to the other already embedded data formats. The chart distribution will be carried out by ChartWorld, a SevenCs owned company, and by all Transas companies worldwide.

MSC To Lease New Port Everglades Terminal

Mediterranean Shipping Company S.A. received final approval to operate a new marine terminal at Broward County's Port Everglades. MSC is expected to begin operations in October. MSC has the potential for 364 calls per year at Port Everglades on six trade lanes for a total of 83,800 TEUs (20-ft. equivalent units - that standard industry measurement) annually.

GE to Power Japanese Destroyer

GE Marine will supply Ishikawajima-Harima Heavy Industries, Co., Ltd. (IHI) with four LM2500 gas turbines, which will be placed into propulsion modules by IHI to power the Japanese Maritime Self-Defense Force's (JMSDF) 15DDG AEGIS destroyer. The destroyer will be built by Mitsubishi Heavy Industries Nagasaki shipyard.

Wärtsilä, Transocean Team for Maintenance

Wärtsilä North America signed a contract with Transocean for a Conditioned Based Maintenance (CBM) program. The contract covers three Transocean properties: the Deepwater Millennium and Deepwater Pathfinder drill ships and the Deepwater Nautilus semi-submergible drill rig.

LR-Class Ship Enters USCG ACP

The 1,399 teu container ship Maersk Alaska, owned by Maersk Line, Limited, has become the first Lloyd's Register-classed ship to enter the U.S. Coast Guard's (USCG) Alternate Compliance Program (ACP). LR is one of only two non-U.S. classification societies to have ACP authorization from USCG.

Columbia Coastal Relocates

Columbia Coastal Transport moved its New Jersey Operations office from Union to Newark, NJ. This office has operations and customer service responsibilities for the companies Northern and MidAtlantic container barge services. The new address for the Operations group is: Columbia Coastal Transport, 99 Chapel Street, Newark, NJ 07105. The new phone number is (973) 466-3001, and the new fax number is (973) 466-3004. For more information, visit www.columbia-group.com

Klyne Tug Purchases AIS for Fleet

Marconi Selenia Marine was chosen by Klyne Tug (Lowestoft) Ltd. to supply, install and maintain Skanti UAIS 2100 and Satamatics D+ Security equipment for its fleet of deep-sea tugs. The engineers from the Hull office of Marconi Selenia Marine has recently completed the installation aboard the Klyne tug Anglian Monarch and engineers from the Lowestoft Office will commence work on Anglian Earl this month.

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