MAY 2004

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Hornbeck Offshore buys boats
Exercises option to acquire Hotshot and moves on tug acquisitions

IMO reports on MSC discussions
Hefty agenda looked at security, bulker double hulls and more

Navy picks two for LCS
Lockheed Martin and GD-BIW teams through to next round

Standard & Poors puts Horizon Lines on CreditWatch
Move follows announcement of Carlyle Group sale

Jeffboat gets more orders from Vane
Two 52,000 bbl tank barges with options for two more

New lease on life for Roehrig tugboat
Atlantic Dry Dock completes life extension on time and on budget

Ken Bergquist to lead Maritime Security Institute
President and Academic Dean of educational institution dedicated to maritime security and antiterrorism education, training, and research.

IMO air pollution rules set to enter force
Samoa's ratification triggers NOx and SOx pact

ISPS compliance lags
Mitropoulos talks of "disruptions and delays"

Petrobras awards $630 million platform contract
FELS Setal SA and Technip Engenharia S/A to build P-51 production platform

Newbuild semi faces delay
GlobalSantaFe reports on incident at Singapore yard

Carlyle sells Horizon Lines
Castle Harlan is buyer in $650 million deal

Bulker double hull decision outrages labor
ITF codemns U-turn at MSC 76

Crew boat built in 18 days
Astoria yard delivers in tight time frame

Convictions in people smuggling case
Illegal immigrants concealed in container

Using IT to enhance port security
Ingersoll-Rand executive to speak at ASCE event

Judge tosses out ship boarding charge against Greenpeace
Government presents insufficient evidence

Tenth Incat on cross-Channel service
One-time HMAS Jervis Bay returms ferry link to Boulogne

Fire breaks out on Horizon barge
Onboard personnel safely evacuated

Wartsila offers one stop shopping for maritime training
More than 70 courses

USCG approves Columbia Coastal's VSP
Container-on-barge specialist is well ahead of ISPS/MTSA deadline

Stelmar yet to receive offer from OMI
Is a take-over battle looming?

VT Halter enters TSV competition
Teams with Northrop Grumman unit

Crowley refloats grounded Alaska ferry
Under tow to shipyard

New design tool for high speed safety
Developed with EU backing

Daewoo Shipbuilding & Marine Engineering has global ambitions
Could buy European yard to get into cruise ship sector

OMI set to acquire Stelmar
Stelios and siblings sign separate agreement supporting transaction

ThyssenKrupp and HDW yard merger ahead
Declaration of intent signed

Forty year old tug gets major makeover
Bollinger Quick Repair completes repowering and life extension

Seabulk posts profit
Tankers and towing offset offshore

Lintec confirms Fujairah bunker problems
Testing firm finds samples contaminated by chlorinated cleaning products

International hikes coatings prices
Hit by soaring costs of copper and other raw materials

Bill aims to boost port security
The Secure COAST Act, aims "to ensure the security of the American coastline from terrorist attack."

Move to curb Nvy foreign-built ship leases
House panel votes for one-year limit

Delays for DD(X) and LCS?
House Armed Services Committee's reservations reflected in changes to Defense Authorization Bill

BIMCO opposes bulker double skin proposal
Premature to accept a mandate before IACS rules appear

Panama signs ship boarding pact
Panama has become the second nation to sign a Proliferation Security Initiative with the U.S.

EC says Spain broke shipbuilding aid rules
Says IZAR must repay Euros 308.3 million plus interest

Miller makes UK Club management changes
Long term succession planning

Northrop Grumman to offer composites technology for Deepwater cutter
Extends agreement with Kockums forged for LCS attempt

IMO's MSC faces busy session
More than maritime security on the agenda

Alaska ferry grounded
109 evacuated--salvage could be "multi-day" undertaking

Jail for false Merchant Mariner license application
First Operation Drydock conviction

Smoother commuting for marine mammals?
Art Anderson completes first phase of Stolkraft vs. RIB study

Liberia on track for ISPS
Approvals, verifications in good shape

Canada announces port security funding
C$115 million program to help ports meet ISPS

House still wants U.S.C.G. approval of foreign-flag owners' security plans
Gives instruction to House confererees to stick to guns

Stelmar in sale and leaseback deal
Covers nine pe-1990-built handymax ships

ABS offers CNG Guidance Notes
Getting "stranded" gas to market

O'Neil to join Tsakos Energy Navigation board
Ex-IMO chief and retired Arthur Andersen exec invited to join TEN board

Hornbeck exercises barge newbuild option with Manitowoc
Orders second 110,000 bbl unit

OSG reports record income
$76 million net for first quarter

Iraq gets coastal defense patrol boats
Newly created ICDF starts training

Royal Caribbean commits to cleaner wastewater
Environmentalist group calls off campaign against group

Conrad Industries reports on first quarter
Repair sector still "difficult"

New round of Port Security Grants
TSA opens Round 4 for applications

Donjon and SMIT form OPA joint venture
Will supply OPA-mandated compliance and response services

First LR ship enters ACP
Maersk Alaska enters USCG Alternate Compliance Program

Seabulk licenses SDM technology
European tug operator licensed to build two

Purple Heart for Coast Guardsman
First Coast Guard recipient since Viet Nam

Canada moves to boost offshore activity
Five year moratorium on MODU import duty

Schat -Harding teams with Unitor
Boosts cruise industry after sales capabilities in Miami-Fort Lauderdale

Wärtsilä and Transocean sign condition based maintenance agreement
Covers two drillships and a semi

New York Water Taxi orders two cats
Scheduled for delivery from Gladding Hearn in 2005

OSG buys U.S.-flag products tankers
Acquires two units from Attransco

S&P research report sees better times ahead for offshore drillers
Fundamentals "very strong"

First Wave sells subsidiaries' assets
Will concentrate on Galveston operations

New CEO for Maritrans
Jonathan Whitworth appointed

Iraq exclusion zone
MARLO issues advisory

Seetours in market for newbuilding
Carnival's German unit to make announcement "in a couple of months"

Singapore port incentive for ISPS compliance
5% rebate on port dues for early compliance