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Busch Named Vice President of Titan

Maritime Activity Reports, Inc.

October 18, 2005

Todd Busch has been promoted to vice president of Titan, Crowley's newly acquired salvage company which will be a part of the company's Marine Services segment. He will continue to report to John Douglass, Crowley's senior vice president and general manager of Marine Services.

Busch, who had most recently served as general manager of Crowley's ship assist and escort business, will relocate from Crowley's Long Beach, Calif.

office to Titan's Fort Lauderdale, Fla. headquarters. He has been with Crowley for 17 years, and has held management roles in contract towing and transportation and emergency response. In 2002, Busch was awarded the Thomas Crowley Trophy, Crowley's highest honor. Busch is widely credited with helping to secure several high-profile towing contracts, including those involving the historic battleships USS Missouri, USS New Jersey and USS Iowa, as well as the aircraft carrier USS Oriskany. He also helped secure a role for Crowley as a contractor for the U.S. Navy's 2001 Ehime Maru recovery and relocation operation in Hawaii. "Todd has consistently contributed to the company's success since joining us in 1987," said Douglass. "He is well respected in both the salvage and ship assist sectors, and we're confident he, working with the rest of the Titan management team, will help us expand our salvage operations around the world."

Busch joined Crowley as an ordinary Seaman and since that time served aboard company tugs as a chief mate. He came ashore in 1994 as a dispatcher; and has held a variety of other positions with increasing responsibility. He has been responsible for the company's marine services contract business, overseeing pricing and the negotiating of contracts, as well as the commercial activities for Crowley's emergency services, and the U.S. Navy salvage contract.

Busch also serves as a director, representing Crowley on the board of the Marine Response Alliance LLC. Prior to joining Crowley, Busch sailed with the Southwest Alaska Pilots Association. He attended Arizona State University and holds two licenses: Master, 100 Gross Tons Inspected Vessels, and Mate, 200 Gross Tons Inspected Vessels.

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