October 30, 2004

Seabulk places AHTS order

Fort Lauderdale, Fla., based Seabulk International, Inc. (Nasdaq: SBLK) says it has signed contracts with Labroy Shipbuilding and Engineering Pte Ltd. of Singapore for the construction of four sophisticated 7,000-horsepower Anchor Handling Tug Supply vessels (AHTSs) for its international offshore fleet.

Delivery of the vessels is scheduled for 2006, and the contracts include an option for four additional vessels.

The price for the four initial units is understood to be about US$44 million in total.

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