JUNE 2004

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OMI ends Stelmar "stand still" agreement with Stelios
...and Stelmar Board authorizes a "review of strategic alternatives" after Loeb calls for an auction of the company

The magic pipe and the golden whistle
Hoegh Fleet Services A/S gets a $3.5 million fine...and a whistle blower collects $300,000

Chamber plea for ISPS enforcement "rationality"
International Chamber of Shipping asks for Port State Control to "temper rigor with rationality"

GD names LCS core missions systems team
Says its approach will drive down life cycle costs

International Paint wins major MSC contract
Up to five year agreement for estimated 3.9 million liters of products

MAN B&W introduces new common rail medium speed diesel
MAN B&W is now offering a new medium-speed, four-stroke marine engine, the 32/40CR, featuring common rail fuel injection

EU moves forward on marine emissions
Council endores draft directive on marine fuel sulphur

Deepwater program accelerated
Preliminary design work on Offshore Patrol Cutter

QM2 bathrooms get rapid safety fix
Urgent work in Southampton after BBC investigation

More "ghost ships" to leave James River
Three to be dismantled by Marine Metals, Brownsville, Texas

MAN B&W muscle for AHT
Anchor handler building in Dubai has 2 x 3,7000 BHP MAN B&W Alpha propulsion package

Cruise growth continues
Latest CLIA figures show healthy first quarter growth in passenger numbers

Teekay to trial Boeing high speed internet service
Connexion by Boeing North Atlantic trial will start in August

New joint tanker rules from Big Three classification societies
Joint Tanker Project delivers draft rules for comment

RT-flex a hit in China
Of the 110 Sulzer RT-flex common rail marine engines confirmed to be on order and in service world-wide, 36 are for ships built in China

OMI in $585 million fleet expansion
Buying four Suezmaxes and eight product carrier newbuilds from Athenian Sea Carriers

Austal delivers Aremiti 5
Fast ferry for Tahitian waters

Loy addresses National Cargo Security Council
Supply chain security in focus

Aker Brevik wins PSV order
Hull will be built in Romania

European Court rules against France
Port State Control inspections were insufficient

VT Halter Marine gets harbor tug contract
Two voith Schneider tractor tugs for Lockheed Martin

New President for Skaugen Petro Trans
Per Voie takes helm at lightering company

MSC contract for Southwest Marine
Post Turnover Availabilty on USNS Bridge

U.S. in full compliance with ISPS
Ridge makes announcement in Los Angeles speech

IMO plea on shipping lane security
Secretary General says UN body "prepared and eager" to work with others

CNG projects move ahead
EnerSea working on proposals for Philippines and New Zealand

USCG issues Ballast Water Management guidance
New NVIC gives guidance on compliance and enforcement

Industry opposes House effort to require USCG vetting of foreign ship security plans
Letter to conferees points out problems with requirement sought by House

Guilty plea after "tricking" oil water separator
Chief engineer of Singapore tanker could face jail, fine

VT Halter wins ATB contract
Two tug/barge units with an option for two more

Carnival reports record quarter
$332 million net income on revenues of $2.3 billion

Government won't block Pertamina VLCC sale
Jakarta Post quotes cabinet minister as saying sale to Frontline can proceed

A.P. Moller gets Chinese shipbuilding credits
$400 million deal inked in Beijing

ISPS compliance inches upwards
IMO releases new data--and ports are still lagging

Trico Marine won't make interest payment
Says it "continues to analyze its financial restructuring alternatives"

MAN B&W diesels for "clean design" Broströms tankers
Four environmentally friendly tankers building in China have MAN B&W engines and gensets

Kvaerner Masa-Yards in residence ship deal
Conditional contract for 42,500 gt Four Seasons vessel

Rolls Royce power for Lockheed LCS
Two MT30 gas turbines per ship

Seabulk Offshore orders two more vessels
Will work offshore Angola

Legislators could block Pertamina tanker sale
Jakarta Post reports political opposition to deal

New management team at BIMCO
Successor for Truls l'Orange from January 1, 2005

HSV2 completes U.S. Navy heavy weather trials
World first for commercial HSV

Civil penalties for ballast water infractions
USCG publishes final rule

Frontline swoops in VLCC newbuild resale
Two Pertamina VLCC's for $184 million

Another death in Mekka accident
Odfjell reports second fatality in NCC Mekka accident

EC moves ahead on tougher marine pollution sanctions
The European Council has moved forward on a draft directive on ship-source pollution

IMO stats shows ISPS compliance improving
But latest returns indicate there's still a long way to go

JV orders Medmax LNG tankers for Sonatrach
One firm plus one option 75,000 cu.m vessels awarded to Universal Shipbuilding

S&P takes two tanker operators off CreditWatch
Separate announcements deem outlook for both OMI and General Maritime as "stable"

Alstom wins Costa order
Will provide electric power and propulsion outfit for new cruise ship

Fears of ISPS tanker shutdown fade
Hereth says owners "exponentially" coming into compliance

Stelios "outraged" by Stelmar board
says he reserves right to protect his investment

Tsakos Energy orders LNG carrier
says it's still in negotiations for two more

OMI withdraws Stelmar offer
Wants to avoid "long and costly process"

Coordinated security crackdown planned
The Coast Guard and three regional MOU's plan a CIC (Coordinated Inspection Campaign) on security

NCL cruise ship reflagged
Pride of Aloha now flies U.S. flag

Wartsila power for Ultra Voyager
Six 12V46 diesel engines

Bender opens Mexico yard
Astilleros Bender is open for business in Tampico

Fatality follows chemical tanker explosion
Odfjell reports death of crew man following blast aboard NCC MEKKA

Austal starts construction of Hawaii Superferry
Six months ahead of schedule

Wegener joins Kvichak
Kvichak opens East Coast Support Office

VTMD to stabilize Skjold
Ride control specialist wins contract

Australia to convert commercial tanker to oiler
Buys Korean-built newbuild from Tsakos

Wartsila power for deep sea tugs
Two 75 m tugs building in Japan for Fairmount Marine of Rotterdam will have complete Wartsila propulsion packages

Korean licensee for MAN B&W TCA turbochargers
Ten year agreement inked with STX affiliate ENPACO