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Three U.S. Ship Sales OKd

Maritime Activity Reports, Inc.

April 7, 2004

The Maritime Administration (MarAd) has approved three applications under section 9 of the Shipping Act, 1916, as amended. They include:

K-Sea Operating Partners L.P. of Staten Island, NY, has received approval to sell and transfer to Candian registry and flag of the tank barge KTC -135. The purchaser is McKeil Work Boats Ltd., a Canadian Corporation. The 18,850-dwt. vessel was built in 1969 in Port Arthur, TX.

Horizon Lines, LLC of Charlotte, NC, also has received permission to sell the containership HORIZON MAYAGUEZ to Eckhardt Marine GmbH, a Republic of Germany Corporation, for scrapping in China. The vessel was built in 1982 in New Orleans, LA.

U .S. Global Mariner, L.P., of Morristown, NJ, has received approval to sell and transfer to Korean registry and flag the 13,201-cable ship GLOBAL MARINER to KT Submarine, a Korean corporation. The vessel was built in 1991 in Singapore.

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