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KONGSBERG signs contract with Chevron

Kongsberg, Norway November 4, 2005 - Star Deep Water Petroleum Limited, an affiliate of Chevron Corporation has awarded KONGSBERG a contract for performing a Cargo Off-loading Dynamic Simulation Study for the Agbami Project in Nigeria.

KONGSBERG will establish an off loading and export dynamic simulator model based upon the current marine and offloading system specification. The model will be used to for evaluate the offloading and export system design. The model will be configured using KONGSBERG’s dynamic process simulation tool called ASSETT.

KONGSBERG is pleased by this order from Chevron and the Agbami project, since this project has been a focus area for KONGSBERG last years, comments Sales & Marketing Manager Kaare Sunnarvik and Sales Manager for Process Simulation Kurt Roger Sivertsen of Kongsberg Maritime.

Agbami Field, located in 1500 meters water depth, is about 112 km offshore Nigeria. It is spread across two blocks, OMLs 127 & 128. A 300-meter newly built FPSO vessel will be used to produce the field. The vessel will have processing capability for 250,000 b/d oil, 450 MMcf/d gas and storage of 2.15 million barrels. Topsides will weigh 38,000 tonnes. The field will be developed via 38 subsea production, gas injection and water injection wells.

Lockport LA November 4, 2005 - Bollinger Gretna L.L.C., Harvey, La., has delivered GCS 238, an Oil Pollution Act of 1990 (OPA ’90) double hull, ocean service, oil tank barge to Gellatly & Criscione Services of Point Pleasant, NJ.

Bollinger and Gellatly & Criscione Services signed the contract for the new building program in October 2004 and the vessel was delivered at Bollinger’s Gretna facility in July of 2005. Bollinger Marine Fabricators, Amelia, La., fabricated panels for the new 300-ft. by 64-ft. by 21-ft., 35,000 BBL barge and shipped them to Bollinger Gretna, Harvey, La. for installation of piping and other systems and final assembly. "The GCS 238 is the first OPA ’90 new-build in our planned fleet expansion," said Alexander "Alex" Gellatly, president of Gellatly & Criscione Services. "The new barge will enhance our dedication to our customers and expand our ability to maintain our services and flexibility in our day-to-day operations." said Gellatly.

GCS 238 is built to a new design provided by Bollinger Shipyards, Inc. The ocean service barge features equipment for bunkering services and is designed to carry Grade A oil and lower petroleum products subdivided into ten (10) tanks, complying with OPA’90 requirements. Two (2) Byron Jackson cargo pumps are driven by individual John Deere 6125A engines. The barge is outfitted with twenty (20) tank-cleaning hatches with raised coaming. An F25-65 TECHCRANE pedestal crane with 65-ft boom sits centerline for hose handling operations. Additionally, the GCS 238 is equipped with steam heating for each of the 10 cargo tanks, along with a Bergan Guardlevel II type tank gauging and overfill system. GCS 238 is American Bureau of Shipping (ABS) class certificate +A1 Oil Tank Barge, ABS load line certificate - unmanned ocean service & manned special services, and U. S. Coast Guard sub-chapter D approved.

Gellatly & Criscione Services is an independent barging company operating on the east coast with their primary services located in New York Harbor. Under the leadership of Alex Gellatly & Mario Criscione, since 1999, Gellatly and Criscione have over 65 years of experience in the barging industry.

New Factory Serves World's Largest Shipbuilding Market

London November 2, 2005 - Rolls-Royce has opened a new factory in Shanghai, China, to serve the world’s largest commercial shipbuilding market.

Together with an existing facility in Korea, the factory forms a new production hub for north-east Asia enabling the company to supply shipyards with marine equipment at the point of manufacture – and open up new markets in the process.

The Asian shipbuilding market is currently worth £19 billion annually and accounts for around 80 per cent of all global construction. In 2004 new orders and deliveries reached record levels.

Marine President Saul Lanyado, who officially opened the site on 2 November, said: "This is a very exciting development for us and it opens up real opportunities to expand our business in Asia. This new factory will enable us to increase our market share and increase our volume of production, serving shipyards in China and Asia faster and more competitively than before.

"The factory provides a long-term platform for expanding our operations here, and with our factory in Korea, it will act as a hub for the Asian marketplace".

Deputy General Secretary Chen Changyu, of the China Association of National Shipbuilding Industry, said: "We are very pleased to see Rolls-Royce, a world leading company, establishing this new facility in Shanghai, it is a further demonstration of the company’s strong presence in China, and it will further strengthen cooperation with Chinese industry."

Employing 75 people, and set to employ up to 150 by the middle of next year, the 9,000 square meter facility is the company’s largest investment in China to date. The equipment produced or assembled there includes tunnel thrusters, rudders, control and steering systems and deck machinery.

Rolls-Royce is no stranger to doing business in China. The company has offices in Beijing, Shanghai, Dalian and Hong Kong and supplies aeroengines to ten Chinese airlines. The company was also recently awarded a contract to provide pipeline compression equipment for the West East China Gas Pipeline Project.

NTSB Update on Capsizing of Ethan Allen in Lake George

Washington November 4, 2005 - On October 2, the National Transportation Safety Board dispatched a team of investigators to the scene of the capsizing of the vessel Ethan Allen at Lake George, New York. Twenty passengers died in the accident. The following is an update of factual information collected by the Safety Board's team.

Cummins Inc., the manufacturer of the engine on the Ethan Allen, was offered and they have accepted party status. Cummins will provide expertise during the fact-finding portion of the investigation. They will provide technical input regarding the engine and will participate in the testing of engine components.

No toxicology testing was performed by local law enforcement immediately following the accident. The vessel master voluntarily provided samples for the NTSB for toxicology testing approximately 46 hours following the accident. Those samples were negative for alcohol and all drugs tested by the Federal Aviation Administration (FAA) Civil Aerospace Medical Institute (CAMI) toxicology laboratory. The FAA-CAMI laboratory sent specimens to Northwest Toxicology, a commercial laboratory, for testing for urine ethanol glucuronide (EtG, a metabolite of ethanol).

That testing was positive for urine EtG at a level of 5330 ng/mL. According to Northwest Toxicology, urine EtG testing can confirm the consumption of alcohol up to 80 hours after its
elimination from the body. The master told Safety Board investigators that he had ingested alcohol the night before the accident, within 80 hours prior to the sample collection.

The investigative team continued to investigate witnesses and passengers after returning to the Washington, D. C. headquarters. The team continues to compile data for a stability analysis of the vessel, including information related to all post-construction alterations to the vessel that may have had an impact on stability. The Safety Board has not reached any conclusions about the cause of the sinking of the vessel.

Port Endorses Task Force Report

Vancouver November 4, 2005 - Today's release of the Final Report of the Task Force on the Transportation and Industrial Relations Issues Related to the Movement of Containers at British Columbia's Ports is being met with support from the Vancouver Port Authority, which notes that it is already well underway with implementing a number of the operational recommendations.

"The task force report does a credible job of considering the issues underlying this summer's trucking dispute. The port supports the task force's recommendations and will work with government and industry stakeholders to ensure their successful implementation," said Jim Cox, the port's vice president responsible for infrastructure development.

While the port still cautions that the permanent regulation of rates may not be in the best long-term interests of a competitive gateway, it is seen as a necessary step that will bring stability to the industry until a sustainable market-based solution is possible. The successful implementation of extended operating hours, mandatory reservations, the increased use of technology and other efficiencies will benefit truckers and may eventually eliminate the need for regulation of rates.

The port has already been working on a pilot program for extending hours of operation at truck gates. "Extended hours will increase capacity and efficiency by reducing congestion at terminals and on the region's roads, making better use of existing transportation infrastructure, reducing air emissions and enabling truckers to move a greater number of containers in a given shift," said Cox. The port also supports the recommendation for the establishment of a mandatory reservations system, noting that lack of participation in the current voluntary system is responsible for a number of congestion-related problems.

Another Task Force recommendation that the port is already implementing is a monitoring program of truck waiting times outside of terminal gates. As part of the port's commitment to container truck drivers to monitor and reduce wait times inside and outside port access gates, effective Wednesday, November 9, 2005, the VPA will implement a container truck monitoring program to measure container truck wait times on port roadways.

Jack Straw Offers Condolences to Pakistan Following Ferry Disaster

London November 4, 2005 - The Foreign Secretary, Jack Straw MP today made the following statement:

"I was very saddened to hear of the ferry disaster in Pakistan this morning. Our thoughts go out to those families who have lost loved ones, and to the people of Pakistan who have suffered yet another tragedy in such a short time following the earthquake less than a month ago. That this happened during the celebrations of Eid-al-Fitr makes it even harder to bear."

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