SEPTEMBER 2004

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IMO's Mitropolous: "Don't rest on laurels" where security is concerned
World Maritime Day message

CATS ferry impounded
Fuel supplier seeks maritime lien

Austal wins high speed ferry order from Malta
600 passenger/65 car cat for Virtu

3PSC wins LMSR contract
Operation and maintenance of two MSC RO/RO's

Milestone for superconductor motor
5 MW ship propulsion motor successfully demonstrated

More "ghost ships" head for Texas
"Last of the worst" ships to leave James River Reserve Fleet

Patrol boat order for Swiftships
Six for Egypt

Bollinger delivers jumbo deck barge
Open deck is rated at 5,000 pounds per square foot

Powerful new tractor tug for Honolulu
Mikioi enters service with Hawaiian Tug & Barge

Carnival inks massive newbuild deal with Fincantieri
Four newbuilds plus a redesign of Queen Victoria

Wallenius orders world's largest car carriers
Adds three 8,000 car PCTC's to newbuilding orders and stretches three others

Rigdon christens number three
Rigdon Marine's third vessel, M/V Royal, is already at work in the Gulf

Stelios reacts to Fortress deal
Says offer for Stelmar "fails to provide shareholders with adequate value"

Contract for Conrad
$5.6 million vessel for U.S. Fish & Wildlife Service

Stelmar to be acquired in $667 million deal
All cash acquisition by Fortress Investment Group

Bourbon takes over P105 newbuild at Ulstein
...and takes option for a second vessel

Wartsila power for Normand Installer
23 MW power plant for offshore installation vessel

Carnival earnings top $1 billion mark
...and Arison indicates giant newbuilding could be planned

BC Ferries Super C-class contract goes to Flensburger
Big savings even with potential Canadian $81 million import duty

CRP Azipod slashes fast ferry fuel bills
The first two ships equipped with CRP Azipod propulsion are now in service

Offshore vessel simulator for Louisiana Tech
Transas USA gets contract

HUAL adds to car carrier order book
Signs letter of intent for two more PCTC's from Daewoo

New president for Newport News
Northrop Grumman names C. Michael Petters to succeed Thomas C. Schievelbeen

Austal set to build more patrol boats?
Australian pols make competing promises

Royal Caribbean swaps flags on six ships
Last six NIS-flagged ships will be transferred to Bahamas

Security: IMO starts "training the trainer"
First training course to be held in Egypt

Conrad wins patrol/fireboat order
Will be built at Conrad Aluminum facility

Sparrows Point yard to be used forship scrapping
Two James river ships to be dismantled by North American Ship Recycling

$49.8 million in Port Security Grants
DHS announces fourth round awards

BMT acquires Vancouver, B.C., naval architect
Peter S. Hatfield Ltd becomes part of BMT Fleet Technology

Kvaerner ASA gets new President & CEO
Rokke steps down (but still controls company)

USCG lists flags, port states causing security concerns
Inspection priority for vessels flying listed flags or that have called at listed countries

Chouest continues newbuilding program
Building more OSV's in U.S.--and in Norway

ACL files reorganization plan plan
Says plan offers "best recovery for creditors"

Trico announces restructuring plan
Senior notes would be converted into equity

Chinese yards poised for record
Output from mainland yards set to reach 8 million tons this year

ABS Surveyors monitor fabrication of first offshore LNG port buoy
ABS Surveyors have been on site at a Swedish yard that is fabricating a key element of the first offshore LNG port

Sause Brothers repowers oceangoing tug
Repower based on twin Cummins KTA50 M2 diesels will take 1970's-built tug from around 40,000 pounds to around 100,000 pounds

Thorne steps down at Washington State Ferries
Search is on for new CEO

Concordia gets time charters for two P-MAX tankers
Two 10-year charters with Russia's Progetra

Wartsila names VP Sales
Trieste-based Carl-Henrik Bjork gets job

Rochester-Toronto fast ferry suspends operations
Says halt in service is temporary

Aker Yards books Ultra Voyager, merges Finnish Yards
Julin to head new Aker Finnyards

Norwegian second register needs overhaul
Working group makes recommendations for making NIS more competitive and user friendly

New Director of Coast Guard Invesigative Service
Career Special Agent John A. Cornett named

$144.8 million contract for Electric Boat
Support for U.K. Astute Class sub program

Unitor ship deliveries "aligned with ISPS"
Avoiding delays in deliveries at 1,702 ports

U.K. jail term follows grounding
Chief Officer of grounded vessel was over alcohol limit

Cianbro to complete Polar tanker
Hurricane Frances sends job to Portland, Maine, rather than Freeport, Bahamas

Cianbro pursues tanker job
Would involve bringing 900 ft vessel to Portland, maine, for completion work

MSC contract for GD unit
AMSEA gets LMSR contract

Restructuring at Horizon Offshore
Richard A. Sebastiao of RAS Management Advisors, Inc. is named chief restructuring officer