AUGUST 2003

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Bollinger redelivers supply boat
While it looks like a new vessel, ELSA LEIGH is the former SEACOR CLIPPER after an extensive renovation at Bollinger's Morgan City shipyard.

Cruising pumps more into U.S. economy
The North American cruise industry generated $20.4 billion in economic activity within the United States in 2002

DMS/Austal preferred tenderer for RAN patrol boats
Contract expected in November

Guily plea in Port Everglades security case
Defendants face jail, fines

Sembcorp Marine plans giant yard
Will replace Jurong and Sembawang facilities

Arisons to sell some Carnival stock
Up to 32 million shares over two years

LNG terminal planned for Nova Scotia
Would take largest existing and proposed LNG tankers

Redundancies at Kvaerner Philly
Kvaerner Philadelphia Shipyard is starting to cut jobs and more cuts are on the way.

Hike delivers Long Beach pilot boat
Jacobsen Pilot Services Inc. , Long Beach California recently took delivery of a new 54ft welded aluminum pilot boat from Hike Metal Products

Gunderson books more barge orders
Three oceangoing deck barges worth $25 million

Navy consolidates Gulf SUPSHIPS
SUPSHIP New Orleans, La., and SUPSHIP Pascagoula, Miss., will be disestablished and replaced by a new command, SUPSHIP Gulf Coast, beginning Oct. 1.

Northrop Grumman settles NNS false claims suit
Denies liability

$148.7 million in high bids on Western Gulf lease sale
Sixty three companies participated in Lease Sale 187. The MMS received 405 bids on 335 tracts.

Red ink at Star Cruises
Iraq war, SARS and SS Norway boiler explosion take their toll

$20.5 million investment in U.S. shipbuilding R&D
NSRP announces new projects

Circle Line gets first high speed vessel
Austal USA delivers versatile cat

Pilot boat order for Kvichak
Savannah pilots opt for Camarc design

Navy announces Virginia class contract
$8.7 billion "block buy" from GD and Northrop Grumman

Warning on oil smuggling
Smuggling of oil continues to be a concern for Coalition Forces in Iraq.

China to build world's largest shipyard
China State Shipbuilding Corporation plans a new shipyard with an eight-kilometer water frontage in Shanghai, which will be the largest shipyard in the world.

Tidewater names boat for fallen soldier
Tidewater Inc. is naming an oil service supply ship in memory of 1st Lt. Jonathan Rozier

Telenor upgrades Inmarsat C services
Telenor Satellite Services has upgraded its Inmarsat C ground network.

U.S. Navy takes delivery of Incat
Colors hoisted in Hobart, Tasmania, ceremony

$40.5 million Navy contract for Marinette Marine
Barges for Improved Navy Lighterage System

Rolls-Royce buys VT Controls
Marine electrical systems specialist acquired

More gas turbine cruise ships enter service
Three gas turbine powered cruise ships made maiden voyages last month

LR gets further USCG authorizations
Now offers full range of international statutory certifications

Brits nab Iraqi oil smuggler
Tanker seized. Crew arrested.

Celebrity Cruises sues over pods
Seeks $300 million

Navy defers sub contract announcement
Virginia class award still awaited

HOS revenues up
Hornbeck Offshore Services, Inc. announced revenues for the quarter ended June 30, 2003 increased 22.1 percent

EC seeks boats, wider powers for new maritime agency
Starting to look like a Coast Guard?

Navy to announce Virginia class deal
Pentagon briefing scheduled

Horizon CEO warns on box security
Security has to start in advance of container stuffing

Red ink at Conrad
Conrad Industries, Inc. reported a net loss of $726,000 and loss per diluted share of $0.10 for the three months ended June 30, 2003

Rolls-Royce offers fast sea lift ship design
Rolls-Royce has launched designs for a powerful new naval logistics ship

Alaska puts ferry on Ebay
In the market for a passenger/vehicle ferry?

First Virginia class sub set for christening
The U.S. Navy's newest and most advanced nuclear attack submarine, Virginia (SSN-774), moved outdoors for the first time last Saturday

ChevronTexaco signs LNG MOU
AChevronTexaco Corp. affiliate has signed a Memorandum of Understanding (MOU) with the Gorgon Joint Venture in Australia for the supply of LNG for distribution to markets on the West Coast of North America.

Liebertz apponted president, ABS Pacific
ABS has announced the appointment of James B. Liebertz as President, ABS Pacific, headquartered in Singapore.

Migrant smugglers said to use fake seafarer documents
A Florida grand jury issues indictments

Taylor takes Tidewater Chair
Tidewater Inc. (NYSE:TDW) announced that Dean E. Taylor has been elected as Chairman of its Board of Directors.

DD(X) passes critical milestone
The U.S. Navy's DD(X) next-generation destroyer program passed a critical milestone this month

Keppel Singmarine wins orders for tugs and AHTS
TwoKeppel Offshore & Marine Ltd (Keppel O&M) Singapore yards have announced contracts worth a total of S$45 (US $25.7) million.

Bollinger yards make dustpan dredge deeper
Two Bollinger shipyards have teamed to increase the dredging depth of the Pine Bluff Sand and Gravel Co. dustpan dredge, WALLACE McGEORGE,

Coatings cooperation ends
International Paints and Nippon Paint have agreed to terminate their marine coatings association.