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EnerSea Transport’s VOTRANS Achieves ABS Class Approval

Maritime Activity Reports, Inc.

May 14, 2003

EnerSea Transport’s VOTRANS gas carrier has achieved Class Approval in Principle from ABS (American Bureau of Shipping). With this achievement, EnerSea will be able to commence a commercial deployment of its VOTRANS gas transport services. EnerSea and its partners recently concluded a comprehensive engineering program that started in June 2002 and culminated with the AIP award for its V800 class vessel design.