JANUARY 2004

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Piracy incidents increase
International Maritime Bureau reports 445 attacks on ships occurred in 2003

K-Sea acquires ITB
Units were formerly leased by SeaRiver

$8.5 billion contract for Electric Boat
Navy inks multi-year Virginia class submarine contract

Todd Pacific gets submarine work from EB
Work on OHIO conversion

Even Queens must comply...
The Coast Guard has issued Cunard's new flag ship with a Certificate of Compliance

MAN B&W power for Chinese patrol vessel
Twin engine, single screw propulsion package

GE consolidates marine business structure
One stop shopping for diesels, gas turbines and gears

NASSCO gets orders for two more T-AKE's
Yard's backlog is now its largest ever

More Sulzer RT-flex orders
First to be built in Hudong, China

MAN B &W diesels for NCL newbuilds
New technology lowers pollution, cuts fuel consumption

First Wave settles dispute
Gets $8.5 million from Crest

$4.2 million fine for OMI
Pleads guilty to Illegal dumping

Appointment at Bollinger
Danny R. Irby named vice-president, new construction

EU inches towards penal sanctions on ship source solution
Intertanko says a decision is still a while off, but issue won't go away

Sembcorp Marine in jack-up building venture with Skeie
Baker Marine jack-up to be built at PPL Shipyard

LNG escort tug joins Moran
Washburn & Doughty delivers Kaye E. Moran

EC seeks to extend subsidies
Another year for "temporary defensive mechanism"

Executive appointments at Newport News
Stewart, Edenzon and Mazach move up

VT Halter Marine in RO/RO study with MARAD
Looking at feasibility of dual-use (commercial/military) fast/ferry

USMR expands in Hawaii
Pays $16 million for Honolulu Shipyard Inc.'s navy repair business

Alstom moves to grab Festival ships
Two cruise ships already detained, one still at sea

Jackup order for Keppel FELS
Agreement signed with Norway's Skeie Group

Pratt & Whitney power for Skjold
Royal Norwegian Navy picks all-gas-turbine system for its stealthy fast patrol boats

Costa signs LOI for 112,000 gt cruise ship
Euro 450 million newbuild to be delivered from Fincantieri in 2006

OSV order for Bollinger
Two 191 ft boats for Cheramie family's L&M Botruc

NCL does U.S.-flag ship shuffle
Reflagged Norwegian Sky will become Pride of Aloha and take over itinerary of Pride of America

Royal Olympic in deal with banks
Two Blohm+Voss built ships will go on block

Smit gets contract to refloat "Pride of America"
A team from Smit Salvage is in Bremerhaven

Promotion at SWM
Bob Kilpatrick named president and GM

Rowan reports increased offshore rig utilization
...and manufacturing backlog is up, too.

Star sells Superstar Capricorn
Part of Asian fleet rejuvenation plan

Move to cut shipbuilder's risk insurance claims
Salvage Association surveys support new warranty clause in policies

Masa-Yards names new CEO
It's Finnyards' Yrjo Julin.

Boeing gets into marine communications market
Offers high speed, broadband communications service currently being adopted by leading international airlines

Hawaii Superferry inks accord with Austal
Plans involve two 340 ft cats

NCL newbuild damaged in storm
Pride of America grounded and listing at Lloydwerft

Lockheed Martin LCS team hones design
Says it has developed "a fast, maneuverable and highly capable seaframe."

QM2 heads for Fort Lauderdale
First true transatlantic liner built since 1969 has propulsion pods and environmentally friendly CODAG electric power plant

U.K. sets ISPS filing deadline of Jan. 31
U.K. "fully supports" July 1 international deadline for ISPS compliance

P&I claims set to soar
Increased freight rates, tougher conventions and softer dollar don't help

MAN B&W offers new LNG ship engine
ME-GI engine design builds on experience from the earlier MC-GI combined with developments in the latest electronically controlled ME engines

K-Sea starts trading on NYSE
IPO of 3,625,000 units at $23.50 a unit
WMU names Seasecure President as Visiting Professor
Will assist with security curriculum development

Chilean frigate program opens up offset opportunities
Lockheed Marytin/IZAR team issues Broad Industry Invitation

VT Halter Marine makes first 2004 delivery
220 ft DPS-1 OSV for Seacor

MARAD plans meetings on National Defense Tank Vessel
Product tanker RFP in works

China plans to put more crude imports on domestic flag tankers
Citing security concerns, officials seek to resrve 50% of crude imports for Chinese ships by 2005

Promotions at TOTE
Two named VP's

Rolls-Royce breaks ground for new foundry
Speeding up Pascagoula propeller production

CLIA gets new President
Terry L. Dale selected

MOL and Oman in another LNG ship venture
Two newbuilds, but they're not sister ships

Concrete offshore LNG terminal for Adriatic
Aker Kvaerner gets FEED contract

New maritime security partnership
Control Risks teams with Eurotunnel security subsidiary

Panama recognizes more RSO's
Three now authorized to evaluate SSP's

New appointments at IMO
Mitropolous names new heads of key departments

Newbuildings boost London Club
Sign of shipping industry good health