DECEMBER 2003

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SembCorp Marine ends Chinese joint venture
Sells stake on Bohai yard to joint venture partner

NOAA picks two to compete for SWATH
VT Halter Marine and Nichols get preliminary contracts

Cable lay barge to be built on Gulf coast
Waller Marine wins Nigerian order

Oregon Iron Works gets second Sealion order
Technology demonstrator craft

Golar LNG buys chunk of Korea Line
Acquires 9.9% of shares

Abu Dhabi Ship Building signs Baynunah contract
$500 million corvette program

Royal Olympic directors jump ship
Three resignations as two ships remain confined to U.S. waters

Cunard names Commodore
QM2 Master follows in father's footsteps

DRBA plans two new ferries
$120 million plan

Navy announces DDG awards
Multiyear contracts for BIW and Northrop Grumman Pascagoula

Navy nabs Al-Quaida drug dhows
Three vessels seized

Bollinger picks Louisiana for expansion
$30 million line of credit--plus a 10,000 ton lift drydock for $1 a year

USCG issues slew of security NVIC's
Tons of guidance as ISPS and MTSA deadlines near

Engineers indicted in Norway pollution case
Company paid $1 million in plea bargain, but "individuals must be held accountable"

$222 million contract for EB
SSBN to SSGN

NYC sues New York Waterway
Claims unpaid landing fees

EC approves German ship financing guarantee scheme
Premiums will vary with risk

Caddell to repair Staten Island ferry
NYC DOT announces $6 million contract

USCG issues security plan reminder
Warns of civil penalties

V Ships to use Wave software for equipment optimization
The world's largest independent ship management company, has agreed to pilot the Wave equipment optimization system

CMMC to buy Charleston shipyard property
$9 million purchase price

More orders for RT-flex 96 C engines
Most powerful diesel thus far announced with electronically-controlled common-rail fuel injection

TSA announces $179 million in port security grants
But AAPA calls for $400 million in FY05

New Chairman for IMO Council
Venezuela's Captain Luis Diaz-Monclus gets job

Teekay welcomes tougher tanker rules
But takes charges on its single hull tankers

Three missing in heavy lift ship tragedy
Incident in Albany

Univan on target for ISPS compliance
ABS completes verification audit of SSA-equipped VLCC

Jail term for former JO exec
Another guilty plea in parcel tankers case

Orders for Keppel Offshore and Marine
AMFELS among units winning contracts

U.S. and China ink maritime pact
Washington ceremony

Crowley unit christens ATB
Long Beach ceremony

MEPC in accord on MARPOL revisions
Accelerated single-hull phase-outs and more

Kvichak delivers RB-M prototype
Now undergoing USCG trials

Trinity Industries names EVP at barge building unit
Former Jeffboat president and COO Bob Herre

NSRP advanced materials handling monitoring project goes ahead
WEMACS contract finalized

MARAD picks RRF ISPS/MTSA contractor
Sea & Land Security selected

Euro MP's seek testimony from Prestige master
Demand by new parliamentary committee

Lockheed Martin and FBM Babcock ink accord
To cooperate in marketing and pursuit of international maritime business

Dual fuel engines for second LNG ship
Another contract for Wartsila from Chantiers de l"Atlantique

Lloyd's Register to class world's largest boxship
9,200 TEU series on order at Samsung

Rigdon Marine names VP Admin
Mike Babin joins Rigdon team

Wartsila to manufacture propellers in China
Joint venture with CSSC unit will serve world market

MEPC meets on phase-outs, etc.
... will world follow EU post-Prestige rules?

MOL announces massive bulker expansion
Will add 30 ships to meet growing need for ore transportation

New job for Kvaerner Masa chief
Jorma Eloranta to move to Metso

New line-up at IMO
Mitropoulos to take pesronal charge of flag-state clean-up effort

Liberia issues first ISPS security audit certificate
Says fleet on course to meet ISPS deadline