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MARAD Approves Vessel Transfers

Maritime Activity Reports, Inc.

January 6, 2003

The U.S. Maritime Administration (MARAD) announced that it has approved requests for transfer and sale of five U.S. vessels, including a tanker and a cable ship.

They include: · K-Sea Transportation LLC, Staten Island, NY, has received approval to sell the 6,430-gross-ton tank barge, KTC-115 to McKeil Work Boats Ltd., a Canadian corporation, and transfer said Vessel to Canadian registry and flag. The vessel was built in 1968 in Avondale, LA.

· Nowitna Fisheries, LLC, Seattle, WA, has received approval to sell the 2,457-gross-ton freight, BARGE-I to Grupo Pesquero De California, S.A. de C.V., a Mexican corporation, and transfer said Vessel to Mexican registry and flag. The vessel was built in 1969 in Portland, OR.

· Marine Barge Company, LLC, Weehawken, NJ, has received approval to sell the 1,929-gross-ton barge, MBC-1 to Noroeste, S.A. de C.V., a Mexican company, and transfer said Vessel to Mexican registry and flag. The vessel was built in 1973 in Jefferson, LA.

· Eastern Overseas, Inc., Port Washington, NY, has received approval to sell the 22,357-gross-ton tanker, CHERRY VALLEY to Amantis International Pte. Ltd., a Singapore corporation, for scrapping in India. The vessel was built in 1974 in San Diego, CA.

· CS Charles L. Brown, L.P., Baltimore, MD, has received approval to sell the 2,881-gross-ton cable ship, CHARLES L. BROWN to the Island Territory St. Eustatius, Netherlands Antilles, for use as an artificial reef. The vessel was built in 1954 in Italy.

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