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Marine Log

MARCH 2008

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Rowan to sell LeTourneau
responds to pressure from investment group

Noble inks $4 billion MOU with Petrobras
includes paid shipyard time for upgrades on three drillships

HHI patents new shipbuilding method
keeps incomplete ships in place when dry dock is flooded

Bourbon Dolphin inquiry commission reports findings
makes recommendations for improved anchor handling safety

Feds seek huge fines in illegal dredging case
N. Carolina DoT employees said to have prop washed illegal ferry channel

Rigdon Marine takes delivery of fast supply vessel
First in a series of four

Navy expresses regret for Suez shooting death
Accepts responsibility "We will take care of victim's family"

ONR starts tests of Rimjet propulsor
Revolutionary podded drive installed on Seajet technology demonstrator vessel

U.S.-flag ship in Suez shooting incident
Egyptian boatman reported killed

Russia takes majority stake in three Aker shipyards
Russian state-controlled investment company takes 70 percent holding in Ukraine and German yards

LA and Long Beach to subsidize ships that switch to low sulfur fuels
Boards of Harbor Commissioners unanimously approval pilot program

Bisso Marine beefs up fleet
Adds AHT and diving support vessel

Dry Docks World names CEO for South East Asia
Appoints Denis Welch

Fredriksen and Frontline buy a chunk of OSG
Call investment good financial value but could pursue alternatives that could enhance shareholder value

FERC approval for Broadwater LNG project
first floating terminal for the storage and delivery of LNG in US

Electric Boat gets $357 million submarine award
long lead time material for Virginia class subs

Hercules Offshore announces contracts for jackups
Two of three jackup rigs acquired from Transocean will go to work for Saudi Aramco

U.S. inland barge fleet grows
Report says 931 barges added and 762 retired

Gulf offshore lease sales attract $3.7 billion in high bids
Strong interest in deepwater

Carnival reports first quarter results
Strong revenue growth offset by rising fuel costs

Trinidad & Tobago picks Austal to build patrol boats
Cabinet approves $390.76 deal for six fast patrol boats

Turkish yard cuts steel for Supramax bulker
Cicek Shipyard has begun construction of the first of three 58,000 dwt Supramax bulk carriers, the largest vessels ever to be built in Turkey

EPA moves against exporter in "toxic ship" case
Export of ex-SS Independence could bring heavy fines

Somali hijackers release Svitzer tug
all crew members reportedwell and unharmed

Port of Pittsburgh gets patent for SmartLock navigation aid
developed as a partnership between the port, Carnegie Mellon, Corps and industry

USCG adds Iran to port security advisory list
ships must take special measures if Iran among last five port calls before arriving in U.S.

Rolls-Royce inks MOU with Vinashin
accord includes propulsion systems and training

GD LCS passes mission package milestone
successfull integration of the mission package computing environment

Cosco Busan pilot charged
violations of the Clean Water Act and the Migratory Bird Treaty Act

Kirby ups earnings guidance
tank barge giant revises first quarter forecast

LCS 1 completes testing milestone
First Littoral Combat Ship successfully completes "light off" and test of its electric plant

Algoma Central buys three handy size bulkers from Viken
Pays $38 million to acquire sister ships

Seismic ship to have electronic logbook
Kongsberg K-Log electronic logbook ordered for Ramform Sovereign

Taylor: Navy shipbuilding plan "pure fantasy"
Key panel greets Navy FY 2009 shipbuilding request with skepticism

EPA announces new emissions standards for marine diesels
will dramatically reduce emissions from marine diesel engines below 30 liters per cylinder displacement

Wärtsilä subsidiary to design revolutionary research icebreaker
Schiffko awarded Aurora Borealis design contract

ASA Board appoints new members
American Shipbuilding Association names Mulherin and Edenzon to Board

Hyundai Heavy Industries raises sales target
World's largest shipbuilder projects $29.4 billion in orders this year

Halifax Shipyard loses cruise ship order
Delays with first newbuild make Pearl River Cruises rethink planned sister ship

Brian Chang sells major stake in Yantai Raffles
China International Marine Containers pays $566 million for 30 percent of YRSL

Canadian TSB issues final report on Queen of North sinking
recommendations focus on passenger accounting and management plus VDR carriage

California to again enforce auxiliary diesel reg
though a federal court ruled against a vessel emissions regulation, California says it will still enforce it pending an appeal

ABS and Polish Register ink accord
cooperation deal includes dual class arrangement

VT Halter Marine in Raytheon-led FRC-B team
will offer Coast Guard a "proven, reliable and cost-effective vessel"

Cruise lines to refund fuel surcharges
Two lines reach resolution with Florida AG's Economic Crimes Division

FLEX LNG ups ship size
Three LNGP hulls on order at Samsung go from 90,000 cu.m to 170,000 cu.m

Aker Yards books order for LNG powered PSV
NOX and CO2 emissions slashed--and higher cargo capacity

Northrop Grumman fills two more key Shipbuilding sector positions
Again draws on managers from former Newport News

Antitrust approval for Royal Caribbean-TUI cruise JV
TUI Cruises to be established by end of March

Broker lists SeaCoaster demonstrator as for sale
Need to move a couple of Abrams tanks at up to 70 mph?

Indian Government reacts to walk-out at Signal International
Minister asks Ambassador to investigate

Hawaii Superferry again extends Alakai drydocking
More time needed to rectify damage inflicted during drydocking process

Aries Maritime "evaluates strategic alternatives"
CFO resigns "to pursue other interests"

Havyards Invest seeks Aker Yards board changes
Ups stake in shipbuilder and calls for extraordinary shareholders meeting

Ships headed for U.S. must take special measures in Syrian ports
New USCG Port Security Advisory adds Syria to terror risk list

Louisiana to invest $10 million in Chouest shipyard
LaShip yard in Port of Terrebonne will build new generation deepwater vessels

Norwegian Shipowners name Elisabeth Grieg as new president
CEO of Grieg International AS is NSA's first female president

New GAO report on Coast Guard
Deepwater moves "positive," but impact "remains to be seen"

Record year for Smit Internationale
Net profit up more than 40%

Japanese shipbuilding merger in works?
JFE ups stake in Universal Shipbuilding

K-Sea GP Holdings LP plans IPO
files with SEC

Guido Perla inks auto ferry contract
1,500 passenger, 144 car vessel for WSF

Keppel FELS wins third PetroVietnam jackup order
Contract worth around $205 million

Navsea shopping for hydrographic survey vessel for Oman
Posts presolicitation notice for 96 ft cat

StealthGas expands LPG fleet
Goes on $204 million ship shopping spree

Northrop Grumman makes key shipbuilding appointments
Names two from Newport News as sector VP's and General Managers

Stevens Institute to lead port security research institute
Part of DHS Centers of Excellence program

Fairstar to transport Swan Hunter dry dock to India
$5.85 million contract from Bharati Shipyard

HHI books $5.7 billion in orders in February
intake includes $1.6 billion FSO for Total

Aker Yards dumps Julin
CEO out "with immediate effect" after 4Q results show more red ink

Commandant to USCG: Treat mariners with professionalism and respect
ALCOAST messages underscore efforts to mend USCG maritime safety mission

Navy christens ship with WTC steel in bow
LPD 21 named New York in New Orleans ceremony

Container giants launch joint China-U.S. service
CMA CGM, Maersk, and MSC share ships

Guilty plea in magic pipe case

Manitowoc awarded $35 million USCG contract
Construction of additional 18 Response Boat-Medium (RB-M) vessels

Guilty plea in magic pipe case