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Tampa Bay Shipbuilding & Repair Enters Agreement With Maritrans

Maritime Activity Reports, Inc.

August 11, 1999

Tampa Bay Shipbuilding & Repair Company has been chosen by Maritrans Operating Partners, a subsidiary of Maritrans, Inc. to retro-fit its second single-hull vessel, Ocean 244, in order to comply with the requirements of OPA 1990, via double-hull conversion. Tampa Bay has decided to employ the same Maritrans innovative computer - assisted design and manufacturing process that led to Tampa Bay's citation as one of Maritime Reporter and Engineering News Outstanding Shipbuilders of 1998 for their development of Maritrans 192. OPA 1990 requires that all existing single-hull vessels engaged in the maritime transport of oil and petroleum products be retro-fitted with double hulls - or be retired by 2015.

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