TAX CONFERENCE

The recently enacted "American Jobs Creation Act" gives significant tax breaks to a number of U.S. industries--including shipping.

MARINE LOG and BLANK ROME will present a senior level seminar CHANGES IN U.S. TAXATION OF SHIPPING INCOME in Stamford, Conn. on April 5 & 6, 2004

Make sure you know how the new tax rules work!

March 5, 2005

Columbia Coastal adds Baltimore--Philadelphia link

Columbia Coastal Transport, Liberty Corner, NJ, has announced the start of a new weekly container barge service linking the ports of Baltimore and Philadelphia, effective immediately.

The company's 450 TEU barge, the Columbia Charleston, will be deployed on a weekly Philadelphia--Baltimore rotation, loading in Philadelphia on Mondays the next six weeks before moving to a fixed weekly schedule sailing Philadelphia on Tuesdays commencing April 12.

"The addition of Philadelphia to our roster of U.S. port connections now makes it possible for carriers to extend their service reach in the Mid-Atlantic and into the Chesapeake region without the expense of adding a direct ship call," says Columbia Coastal president Bruce Fenimore. "Already we have an arrangement with Hamburg-Sud to move imports between Philadelphia and Baltimore, and empties on the return trip as needed."

The Columbia Charleston is one of 11 barges that Columbia Coastal operates in regularly scheduled container barges services that link ports along the entire U.S. Atlantic seaboard, a well as Freeport, Bahamas and Cuba services on demand. The company has been offering container barge services as a partner to international ship operators since 1990.

"An ongoing shortage of truck power is forcing steamship companies to look for water options to move their cargo," Fenimore said. "We continue to be the most effective and economical way to move our customers' freight. Choosing an all-water transportation alternative also helps to alleviate port and highway congestion, one of the expressed goals of the Short Sea Shipping Initiative."

Columbia Coastal Transport is one of the Columbia Group of Companies. It operates 11 U.S.-flag container barges in regularly scheduled feeder service operations to and from ports on the U.S. Atlantic coast, plus Freeport Bahamas.

The company also operates an Albany Expressbarge(SM) service that links the Port of NY/NJ with Albany, NY.

The Columbia Group of Companies provides full logistics, trucking, container and chassis repair, and warehousing capabilities to complement carrier operations. Complete project cargo and government/military cargo services are also available.

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