How will the American Recovery and Reinvestment Act affect your area of the marine industry?

Directly and positively
Maybe marginally
No effect at all
It may actually be damaging

APRIL 2009


U.S. Shipping Partners files for Chapter 11
Says prepackaged restructuring approved by majority of secured lenders and note holders

Jurong seeks buyer for Petrorig I
Rig completed, but final payment not received

Maersk strengthens defenses against piracy
New restrictions on which ships it sends into areas off Somalia

Colonna's starts work on five year S.I. Ferry repair contract
Barberi already in dry dock

First quarter red ink at ACL
barge giant's results reflect sustained weakness in the economy

112 m Incat for Dover-Boulogne route
largest ever fast ferry to operate on the U.K.-France cross channel routes

Maersk Alabama crew members sues employers
... for "knowingly sending him into pirate-infested waters"

Cruise ship returns fire and pirates flee
another weekend of high pirate activity

USS New Orleans drydocks at ASRY
damaged in colliision with submarine

STX Pan Ocean in dumping case plea deal
will pay $2 million, chief engineer faces prison term

$15.5 million Navy award for Todd Pacific
USS Abraham Lincoln (CVN- 72) PIA modification

Bernie Jacobson dies
Ferry industry loses an iconic figure

Wärtsilä sees risk of further €1 billion in cancellations
But large order backlog should maintain 2009 profits at last year's level

Freed ship adrift off Somalia without escort
Stolt Strength awaits arrival of bunker barge

Drydocks World delivers world's largest OCV
22,000 dwt vessel has dimensions of 180 m x 32 m x 12 m

T&T Bisso salvages capsized drill barge
Four derrick barges and pull barge used in careful recovery

Korea unveils $6.4 billion plan to restructure shipping industry
Move comes as banks plan to force many lines into debt workout or liquidation

Busy first quarter for Titan Salvage
Successful responses to eight incidents

Defendant in Maersk Alabama case faces life sentences
Department of Justice details charges

VT Halter Marine CEO Butch King dies
Company mourns sudden and unexpected loss

Guest workers sue Gulf Coast shipyard labor recruiters
claim they were deceived about work conditions

U.S.-flag operators told to strengthen antipiracy plans
meantime Maersk Alabama case suspect is held in New York

ABS type approves GE L250 inline engine
delivers continuous power from 1,498 to 2,330 kW

Trelleborg units cop plea in marine equipment bid rigging case
will pay $11 million in fines

Aker Philadelphia launches seventh products tanker
sea trials set for next month

Coast Guard projects get Recovery Act funding
Include fixes for several bridges that are hazards to navigation

Canadian frigate captures pirates, releases them
Canadian law doesn't cover what to do unless a Canadian ship is attacked

France to build third Mistral class
Order split between STX Europe and DCNS, with platform being built entirely at STX

Dutch Marines free hostages, but release pirates
meantime, a Belgian dredging company vessel is reported hijacked

Dry bulk shares ris

Island Boats closes doors
Says its "trying to work out contracts with a customer."

Dry bulk shares rise
DryShips raises $500 million, analyst likes it--halo effect on sector

Tidewater plans series of diesel electric PSVs
built to Polish design in Chinese shipyard

Pirate suspects sue German government
handed over to Kenya, they want help from German embassy

ABS strengthens global engineering organization
creates Assistant Chief Engineer positions within each operating division

Intersleek 900 improves Queen Mary 2 performance
achieving operational speed whilst utilizing less power

STX Europe to build three icebreaker tugs
multi-role vessels for Northern Caspian

Clinton announces new U.S. steps to combat piracy
shipowners will be asked to fix gaps in self-defense measures

Gulfmark Offshore to take impairment charge on Bender newbuilds
says construction of three vessels is no longer in progress

Ship recycling market remains depressed
Prices down $90 a light ton in Bangladesh

French Navy seizes pirate mother craft
trailed after attempted attack on Safmarine Asia

Royal Caribbean secures Oasis of the Seas financing
Obtains commitments for $1,050,000,000

Pirates attack another U.S.-flag ship
Navy comes to rescue of Liberty Sun

BAE San Diego Ship Repair gets $24.6 million Navy award
More work on LPD 20

Hornblower partners port in paint study
ten test paints applied to the hull of Newport Hornblower

Senesco Marine delivers tug
will be integrated with 100,000 bbl barge to serve as ATB

As pirate attacks continue, Pentagon ponders options
Skelton calls for raids on pirate shore bases

Setback for Broadwater LNG project
Department of Commerce upholds New York State objections

Diana Shipping in "daughter company"deal
buying company from daughters of Chairman and CEO to get newbuild with an attractive charter

Navy frees Maersk Alabama captain
Three pirates shot by snipers, one in custody

Heidmar and W-O Shipping in JV
will manage small and intermediate size IMO II/Chemical and other tankers under 30,000 dwt

Pirates take Seacor tug
Italian-flagged Buccaneer taken 70 miles south of Aden

Pirates' parents plan to intercede at hostage stand-off scene
but media say pirate reinforcements are on way aboard hijacked German box ship

U.S. Shipping Partners files suit against Blackstone
dispute over Jones Act product tanker JV

ABG Shipyard to have India's largest Syncrolift
30,000 t lift capacity unit for Dahej shipyard

Maersk Alabama on move
FBI hostage negotiators are advising Navy

Erie Shipbuilding still working
low level activity as state sits on promised funds

Marcon brokers AHTS sale
1982-built, 3,900BHP unit goes to private buyer

Navy takes lead in Maersk Alabama stand-off
hostage captain reportedly unharmed

Bollinger delivers tank barge to Bouchard
two more to follow

U.S. crew retakes hijacked ship
but captain is held hostage in lifeboat

Pirates seize U.S.-flag ship
Maersk Alabama attacked 500 km off Somali coast

Gates destroyer proposals a prepackaged deal?
Taylor says yards and Navy have been working out an agreement on future surface combatant workload

Attacks prompt new piracy advisory
pirates are active in an area of more than 1.1 million square miles

$2.5 million fine in pollution case
Consultores De Navegacion pleads guilty in Nautilus case

Jurong to complete first SeaDragon semi
Russian-built bare-deck hull set to arrive

Holes in bow make ship shorter
"Loopholes" acquire a naval architectural meaning

Austal wins another major ferry order
this one's for Malta

Gates lays out Navy shipbuilding budget proposals
increased LCS buy, but tough talk on destroyers

Somali pirates seize five more ships
weekend rampage succeeds despite naval protection

GL acquires Noble Denton
says merger forms a fully integrated technical assurance and consulting company

Hyundai Heavy Industries completes
world's largest dry dock

New H Dock will serve FPSO market

NCL reveals spectacular Norwegian Epic features
Aqua Park will have industry's first tube slide and largest bowl slide at sea

Troubles mount for U.S. Shipping Partners
Differences with product tanker JV partner

American Club warns of Singapore collision danger
significant increase in number of ships lying at anchor

Sembawang and BG LNG Services ink repair accord
"Favored Customer Contract" will see five LNG tankers repaired in Sembawang Shipyard this year

OMSA wins a Jones Act victory
CBP rescinds ruling on transportation of subsea Christmas trees

Master Marine wins major wind farm installation contract
will use "liftboat on steroids" for StatoilHydro Statkraft project offshore U.K.

Fred Harris is new ASA Chairman
NASSCO President takes helm at American Shpbuilding Association

Golden Ocean share issue raises $100 million
Fredriksen dry bulk specialist restructures

Cunard's new Queen Elizabeth sets a speed record
Maiden voyage is a sell out in just 29 minutes

Austal to build its largest ferry yet
114 m catamaran for Danish operator will carry 1,400 passengers and 359 cars

BIW gets DDG 51 PSA award
worth potential $47.4 million

X-bow seismic vessel joins WesternGeco fleet
will soon start first assignment in Gulf of Mexico

Excel Maritime gets credit facility amendments
major shareholders put in $45 million of new equity

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