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POSTINGS FOR DECEMBER, 2000

DECEMBER

Chouest in join venture to acquire R&B Falcon offshore fleet
Gary and Dr. Laney Chouest of Edison Chouest Offshore have signed a letter of intent with Transocean Sedco Forex and R&B Falcon. It foresees creation of a joint venture that would own and operate the existing R&B Falcon U.S. Gulf of Mexico marine business.

U.S. Navy awards $78 million contract option to Bath Iron Works
The U.S. Navy has awarded General Dynamics Bath Iron Works a $78 million cost-plus-award fee option for Lead Yard Services on the DDG 51 Class AEGIS Destroyer Program.

Northrop Grumman to acquire Litton Industries
Northrop Grumman Corporation (NYSE: NOC) and Litton Industries Inc. jointly announced today that they have signed a definitive agreement under which Northrop Grumman will acquire for cash all of the outstanding shares of Litton for $80 per common share and $35 per Series B Preferred share.

Seacor acquires inland barge line
Seacor Smit Inc. has acquired SCF Corporation (``SCF''), a company that owns and operates inland river barges and that is substantially owned and controlled by certain Seacor directors.

Keppel FELS' Brazilian unit gets FPSO conversion job
FELS Setal SA, the Brazilian subsidiary of Keppel FELS Limited, has signed a letter of intent with Halliburton Productos Ltd for the marine conversion of a tanker, Stena Concordia into a Floating Production Storage and Offloading facility (FPSO).

More Sulzer RTA84T engines for large tankers
For the year 2000, Wärtsilä Corporation reports that 24 Sulzer RTA84T
low-speed diesel engines with an aggregate power output of 713.4 MW
(970,800 bhp) have been ordered for installation in very large tankers

Crowley Maritime to acquire MTC
Crowley Maritime Corporation and Marine Transport Corporation jointly announced yesterday that Crowley has agreed to acquire all of the outstanding shares of Marine Transport Corporation

Guilty pleas in Neptune Dorado case
The owner and operator of the oil tanker T/V Neptune Dorado pled guilty yesterday in San Francisco federal court to felony criminal charges. They were sentenced to pay criminal and civil penalties of more than $2.5 million

Hvide gets Nasdaq listing
Hvide Marine Inc's application for listing on the Nasdaq National Market has been approved

Marinette Marine launches cutter
Manitowoc Company subsidiary Marinette Marine Corporations successfully launched the U.S. Coast Guard Cutter MAPLE on December 16, 2000.

Global Marine's SCORE up 50% over prior year
Houston based offshore drilling contractor Global Marine today reported that its worldwide SCORE, or Summary of Current Offshore Rig Economics, for November 2000 increased by 3.1 percent over the previous month and by 49.5 percent compared to a year ago.

NNS turns IS unit into a subsidiary
Newport News Shipbuilding has restructured its Information Services division into a wholly-owned subsidiary.

Black boxes and AIS transponders on the way
IMO's Maritime Safety Committee (MSC) adopted a raft of amendments to the international SOLAS convention at its seventy-third session earlier this month.

Smokeless diesels for Carnival Spirit
In a working partnership between Carnival Corporation and Wärtsilä Corporation, the new 86,000-ton cruise ship Carnival Spirit will be fitted with what is claimed will be the cruise industry's first smokeless diesel engines.

Distrigas exercises option to buy 49% of LNG-vessel

U.K. proposes new patrol vessel series

Navy contracts

Meyer extends Royal Caribbean options date

NYK inks Crystal newbuild order

IACS won't readmit Polish Register

CP Ships to cooperate with FastShip

Bollinger in deal with Incat Australia

Aker Maritime to acquire 17.8% shareholding in Kværner

Sulzer slow speed orders strengthen

Major FPSO vessel conversion for Tunisian contract

More orders for Warnow