SeaWaves Shipping News November 24, 2005

*********************************************************************

Manitowoc Awarded Double-Hull, Hot Oil Tank Barge Contract

Manitowoc WI November 22, 2005 - The Manitowoc Company, Inc. announced today that its Bay Shipbuilding subsidiary has been awarded a new construction contract from Harley Marine Services, Inc. to build an ocean-class, double-hull, hot oil tank barge. The 80,000-barrel capacity barge, which is scheduled for delivery in the fourth quarter of 2006, will measure 369 feet in length, 78 feet in width, and 33 feet in molded depth. The Harley contract also includes an option for a second identical vessel. Other contract terms were not disclosed.

The Harley barge is the tenth double-hull tank barge built by the Manitowoc Marine Group. The vessel features a flush deck design and is equipped with an onboard heating system to maintain consistent cargo temperatures of 160 degrees F. It will also be ABS, U.S. Coast Guard, and OPA- 90 compliant.

Based in Seattle, Harley Marine Services is one of the largest petroleum transporters serving the West Coast. Upon delivery, Harley's new barge will join a fleet of vessels to haul a variety of petroleum products, including #6 grade fuel oil, between numerous Alaskan, Northwest, and West coast markets.

"This project is a perfect fit for Bay Shipbuilding," said Bob Herre, president of Manitowoc Marine Group. "The size and features of the Harley barge will complement Bay's infrastructure and the experience of its workforce. Erection of the hull and tank modules will begin shortly after the Great Lakes winter fleet sails from our Sturgeon Bay facility in the spring. Upon completion, this hot oil barge will become one of the most sophisticated petroleum carriers in Harley's rapidly growing fleet of ocean-class vessels."

MVS Introduces Iridium-Based Ship Tracking Solution for Maritime Security

Bethesda MD November 22, 2005 - At the 2005 Europort Maritime exhibition in Rotterdam this month, mobile satellite service provider MVS introduced a new ship tracking solution that uses the Iridium global satellite network for short-burst data communications.

The MVS Group is offering a new Iridium-based version of its Victoria Vessel Monitoring System, which provides real-time vessel monitoring and e-mail communications for ships at sea.

Subscribers can view the location and status of specified vessels at sea using a convenient Web-enabled user interface with built-in mapping. The system provides archiving of collected ship routing data for analysis.

The MVS Iridium vessel monitoring system has successfully completed proof-of-concept testing for long-range tracking and is expected to be ready for deployment in early 2006.

"Iridium’s short-burst data service provides an extremely robust and reliable solution for globally tracking the locations and movements of vessels anywhere in the world," said Peter Liberi, vice president, international sales for the MVS Group. "In addition, the shipboard terminals will provide very cost-effective two-way e-mail service and discounted crew calling between ship and shore."

"As an Iridium service provider, MVS is at the forefront of developing innovative new solutions for the world shipping industry," said Don Thoma, executive vice president of Iridium Satellite LLC.

"This new service is a major stepping stone toward development of long-range identification and tracking systems to meet emerging international requirements."

TODCO Announces the Reactivation of Three Cold-Stacked Drilling Rigs

Houston November 22, 2005 - TODCO today announced the reactivation of three cold-stacked drilling rigs against term contracts from three independent oil and gas companies.

Rig 1, a 2000-hp conventional inland barge, will be reactivated for an estimated cost of $5.7 million against a one-year term contract with contract revenues of approximately $10.5 million. Approximately $2.3 million of the cost to reactivate the unit will be capitalized with the remainder being expensed over the 90-day reactivation period.

The offshore submersible drilling rig, THE 77, which has been cold stacked since 1999, will be reactivated and upgraded against a nine-month term contract with contract revenues of approximately $23 million. It is estimated that the unit will take 150 days to reactivate at a cost of approximately $16.8 million and approximately 70% of the reactivation cost will be expensed over the reactivation period.

Finally, the offshore submersible drilling rig, THE 78, will be reactivated and upgraded at a cost of approximately $11.4 million. The company received a six-month term contract with estimated contract revenues of $13 million to support the reactivation cost. Over the 120-day reactivation period, approximately $6.8 million of the cost to reactivate the unit will be expensed.

Jan Rask, President and Chief Executive Officer of TODCO, said, "We are pleased to announce the signing of these term contracts to facilitate the reactivation of three cold stacked drilling rigs. We look forward to satisfying our customers' needs for deep gas drilling units with our upgraded submersible rigs, THE 77 and THE 78. With 16 remaining cold stacked rigs in the U.S., we will continue to adhere to our strategy of only reactivating rigs with customer support."

UN Tsunami Early Warning Systems Extended to Mediterranean & Northeast Atlantic

New York November 23, 2005 - Spurred on by last December's deadly Indian Ocean tsunami, a United Nations-backed meeting of experts from 23 Mediterranean and Northeast Atlantic countries has laid the foundations for a regional early warning system to mitigate disasters like the one which killed 85,000 people in Italy 100 years ago.

Although less frequent than in the Pacific and Indian Ocean, the Mediterranean and Northeast Atlantic region has a record of tsunamis associated with earthquakes such as the 1908 calamity in the Sicilian port of Messina and the 1755 quake and tsunami that destroyed Lisbon, killing thousands. There are also records of local events along the coasts from Norway to the Marmara and the Black Seas.

The meeting organized by the UN Educational, Scientific and Cultural Organization's (UNESCO) Intergovernmental Oceanographic Commission (IOC), ending in Rome yesterday, was the first of the new system's Intergovernmental Coordination Group (ICG), which will oversee its implementation and supervise its operations.

Participants identified key technical needs for the system and adopted an action plan for 2006-2007 focusing on enhancing capabilities for multiple risk assessment, improving warning efficiency based on seismological, geophysical and sea-level information, and increasing mitigation through coastal planning and public awareness.

Early warning is vital for reducing the impact of tsunamis, and experts says scores of thousands of lives could have been saved had such a system functioned for the Indian Ocean last December, when several hours passed between the quake that spawned the tsunami and the landfall of the waves that killed more than 200,000 people, wasting precious time in which many could have fled to higher ground.

At present, such a system exists in full only in the Pacific, while elements of one for the Indian Ocean are in the process of being set up. It involves quake and tidal sensors, speedy communications, alarm networks from radio to cell phones, and disaster preparedness training in vulnerable regions.

The new ICG will implement trials for key components for the Mediterranean and Northeast Atlantic with the aim of having an initial operational system in place by December 2007, as part of a global tsunami warning and mitigation system being coordinated by UNESCO-IOC. Beyond those in the Pacific and Indian Oceans, planning is underway for one in the Caribbean.

Diana Shipping Inc. Takes Delivery of New Vessel

Athens November 22, 2005 - Diana Shipping Inc. announced that it has taken delivery of the CMB Philippe, a 74,500 dwt Panamax dry bulk carrier, to be renamed Erato.

The vessel is chartered to BOCIMAR International nv, Antwerp, Belgium, for a period of 11 to 13 months at the charterer's option, at the rate of $21,000 per day, gross of commissions. With the delivery of this vessel, Diana Shipping Inc. has increased its fleet to twelve vessels (eleven Panamax dry bulk carriers and one Capesize dry bulk carrier).

Transport Minister Announces Funding for Marine Security Enhancements

Ottawa November 23, 2005 - New projects to enhance security at Canadian ports and marine facilities under the second round of funding from the Marine Security Contribution Program were announced today by Transport Minister Jean-C Lapierre.

The three-year, $115-million program, which was announced in May 2004, is helping Canada’s ports and marine facilities to modernize and strengthen their security systems and programs. This contribution program is part of the National Security Policy announced on April 27, 2004, which sets out a six-point plan to strengthen marine security across Canada.

"Security is at the top of the Government of Canada’s list," said Mr. Lapierre. "Today’s funding will enable ports and marine facilities to make necessary improvements to the security of their operations which will ultimately help ensure Canada’s transportation system remains secure and efficient."

This round of funding will provide up to $29.1 million to 101 ports and marine facilities across the country. The funds go towards security enhancements such as surveillance equipment, dockside and perimeter security, command, control and communications equipment, and training.

The Marine Security Contribution Program is application-based and provides funding to recipients on a cost-sharing basis for a number of clearly identified eligible expenses. Ports and marine facilities will be able to apply for a third round of funding starting in January 2006.

Funding for these projects was provided for in the March 2004 federal budget and is therefore built into the existing financial framework.

Backgrounders on the Marine Security Contribution Program and the selected projects are attached.

The Marine Security Contribution Program is a three-year, $115-million Government of Canada commitment to assist ports and marine facilities with security enhancements. The program is application-based and provides funding on a cost-shared basis — 75 per cent government / 25 per cent recipient — for a number of clearly identified eligible expenses.

Through the Canadian Marine Transportation Security Regulations, the Government of Canada requires ports and marine facilities to have approved security plans. Under the Marine Security Contribution Program, ports and marine facilities can apply for funds to be used for the purchase of new security equipment and the implementation of programs required under their security plans. These funds will not only assist participants in completing their initial work to meet the requirements of their plans, but will also help them to extend and build on these security enhancements in the future. Canada’s commitment to meet — and in fact, exceed — the International Maritime Organization’s security requirements will help ensure that Canada’s marine transportation system remains one of the most secure in the world.

Projects eligible for funding include:

installation of surveillance equipment, including cameras and closed-circuit TV systems;
improvements to dockside and perimeter security and access control, such as fencing, gates, signage and lighting;
acquisition of command, control and communications equipment, such as portable and vessel-to-shore radios; and
training and security design studies.

The program is retroactive to April 1, 2004 and is subject to all expenditure controls applicable to contribution programs.

MARINE SECURITY CONTRIBUTION PROGRAM SECOND ROUND OF FUNDING

Province	City	Company	Type of projects	Estimated contribution (up to)
British Columbia	Chemainus	Cascadia Forest Products Ltd.	Perimeter security and access control measures	$68,501
British Columbia	Crofton	Catalyst Paper Corporation	Perimeter security and access control measures; security and surveillance equipment; security design studies	$220,961
British Columbia	Delta	Annacis Auto Terminals (1997) Ltd.	Perimeter security and access control measures; command, control and communications equipment	$14,321
British Columbia	Kitimat	Eurocan Pulp & Paper Co.	Perimeter security and access control measures; training	$220,394
British Columbia	Nanaimo	Nanaimo Port Authority	Perimeter security and access control measures; security and surveillance equipment	$117,000
British Columbia	New Westminster	Fraser River Port Authority	Perimeter security and access control measures; security and surveillance equipment; security design studies; training; command, control and communications equipment	$409,117
British Columbia	North Vancouver	James Richardson International	Perimeter security and access control measures; security and surveillance equipment; security design studies; training	$214,214
British Columbia	North Vancouver	Neptune Bulk Terminals (Canada) Ltd.	Perimeter security and access control measures; security and surveillance equipment; training; command, control and communications equipment	$321,900
British Columbia	North Vancouver	Saskatchewan Wheat Pool Inc.	Perimeter security and access control measures; security and surveillance equipment	$73,871
British Columbia	North Vancouver	Seaspan International Ltd.	Perimeter security and access control measures; security and surveillance equipment; training	$18,901
British Columbia	North Vancouver	Vancouver Drydock Company Ltd.	Perimeter security and access control measures; security and surveillance equipment; training; command, control and communications equipment	$211,975
British Columbia	North Vancouver	Vancouver Shipyards Co. Ltd.	Perimeter security and access control measures; security and surveillance equipment; training; command, control and communications equipment	$172,065
British Columbia	North Vancouver	Vancouver Wharves Limited	Perimeter security and access control measures; security and surveillance equipment; security design studies; training; command, control and communications equipment	$200,180
British Columbia	Prince Rupert	Prince Rupert Port Authority	Perimeter security and access control measures; security and surveillance equipment; security design studies; training; command, control and communications equipment	$60,963
British Columbia	Prince Rupert	Stromdahl’s Services Ltd.	Security and surveillance equipment; command, control and communications equipment	$27,801
British Columbia	Port Moody	Pacific Coast Terminals Co. Ltd.	Perimeter security and access control measures; security and surveillance equipment; security design studies; training; command, control and communications equipment	$100,762
British Columbia	Richmond	Fraser Wharves Ltd.	Perimeter security and access control measures; security and surveillance equipment; training; command, control and communications equipment	$192,979
British Columbia	Surrey	Fraser Surrey Docks Ltd.	Perimeter security and access control measures; security and surveillance equipment; security design studies; training; command, control and communications equipment	$1,641,305
British Columbia	Vancouver	Pacific Elevators Limited	Perimeter security and access control measures; security and surveillance equipment; security design studies; training; command, control and communications equipment	$306,227
British Columbia	Vancouver	TSI Terminal Systems Inc.	Perimeter security and access control measures; security and surveillance equipment; training	$1,256,109
British Columbia	Vancouver	Vancouver Port Authority	Perimeter security and access control measures; security and surveillance equipment; security design studies; command, control and communications equipment	$3,623,382
British Columbia	Victoria	Greater Victoria Harbor Authority	Perimeter security and access control measures; security design studies	$4,045
British Columbia	Victoria	Victoria Shipyards Co. Ltd.	Perimeter security and access control measures; security and surveillance equipment; training	$108,289
Ontario	Cornwall	St. Lawrence Seaway Management Corporation	Perimeter security and access control measures; security and surveillance equipment; training; command, control and communications equipment	$1,253,892
Ontario	Goderich	Goderich Port Management Corporation	Perimeter security and access control measures	$36,964
Ontario	Hamilton	Federal Marine Terminals	Perimeter security and access control measures; security and surveillance equipment; training; command, control and communications equipment	$208,753
Ontario	Hamilton	Hamilton Port Authority	Perimeter security and access control measures; security and surveillance equipment; security design studies; training; command, control and communications equipment	$235,967
Ontario	Hamilton	James Richardson International – Hamilton	Perimeter security and access control measures; security and surveillance equipment; training; command, control and communications equipment	$8,344
Ontario	Hamilton	Provmar Fuels Inc.	Perimeter security and access control measures; security and surveillance equipment	$92,325
Ontario	Hamilton	Vopak Terminals of Canada Inc.	Perimeter security and access control measures	$33,750
Ontario	Nanticoke	Ontario Power Generation Inc.	Perimeter security and access control measures, security and surveillance equipment, training	$266,492
Ontario	Oshawa	McAsphalt Industries Ltd. – Oshawa	Perimeter security and access control measures, security and surveillance equipment	$121,451
Ontario	Owen Sound	Owen Sound Transportation Company Ltd.	Perimeter security and access control measures; security and surveillance equipment; training; command, control and communications equipment	$76,155
Ontario	Picton	Rideau Bulk Terminals Inc. – Picton	Perimeter security and access control measures	$17,325
Ontario	Port Colborne	Casco Inc. – Canada Starch Operating Company Inc.	Perimeter security and access control measures; security and surveillance equipment	$100,500
Ontario	Port Colborne	Shell Canada Products Ltd.	Perimeter security and access control measures; security and surveillance equipment; security design studies; command, control and communications equipment	$71,400
Ontario	Port Colborne	Snider Dock Services Ltd.	Perimeter security and access control measures	$17,559
Ontario	Prescott	Port of Prescott	Perimeter security and access control measures	$62,059
Ontario	Putnam	Sylvite Agri-Services Ltd.	Perimeter security and access control measures; security and surveillance equipment; training	$42,832
Ontario	Sudbury	Alexander Center Industries Ltd.	Perimeter security and access control measures; command, control and communications equipment	$5,625
Ontario	Tecumseh	Dunn Aggregates Limited	Security and surveillance equipment	$4,580
Ontario	Thorold	Industrial Docks and Supplies Ltd.	Security and surveillance equipment; control and communications equipment	$17,250
Ontario	Thunder Bay	Cargill Ltd.	Perimeter security and access control measures; security and surveillance equipment; training	$48,381
Ontario	Thunder Bay	James Richardson International – Thunder Bay	Perimeter security and access control measures	$14,400
Ontario	Thunder Bay	Saskatchewan Wheat Pool	Perimeter security and access control measures	$37,426
Ontario	Thunder Bay	Thunder Bay Port Authority	Perimeter security and access control measures; security and surveillance equipment; command control and communications equipment	$101,250
Ontario	Thunder Bay	United Grain Growers Ltd.	Perimeter security and access control measures; security and surveillance equipment; security design studies; training; command, control and communications equipment	$249,225
Ontario	Thunder Bay	Valley Camp Inc.	Perimeter security and access control measures	$3,632
Ontario	Toronto	Essroc Italcementi Group – Toronto	Perimeter security and access control measures; training	$7,921
Ontario	Toronto	McAsphalt Industries Ltd. (Basin St.)	Perimeter security and access control measures; security and surveillance equipment; training	$37,575
Ontario	Toronto	Rideau Bulk Terminals – Toronto	Perimeter security and access control measures; security and surveillance equipment; training	$534,918
Ontario	Toronto	Toronto Port Authority	Perimeter security and access control measures; security and surveillance equipment	$376,773
Ontario	Windsor	City of Windsor – Parks and Recreation Department	Perimeter security and access control measures; security and surveillance equipment; training; command, control and communications equipment	$24,225
Ontario	Windsor	Essroc Italcementi Group – Windsor	Perimeter security and access control measures; training	$2,925
Ontario	Windsor	Sterling Marine Fuels	Perimeter security and access control measures; security and surveillance equipment	$158,543
Ontario	Wolfe Island	Horne Transportation Company Ltd.	Security and surveillance equipment	$263
Quebec	Baie-Comeau	Cargill Ltd.	Perimeter security and access control measures; security and surveillance equipment; training; command, control and communications equipment	$38,826
Quebec	Bécancour	Prommel Inc. (Servitank Inc. – Bécancour)	Security design studies; training	$6,591
Quebec	Montreal	Montreal Port Authority	Perimeter security and access control measures; security and surveillance equipment; training; command, control and communications equipment	$2,569,910
Quebec	Montreal	Montreal Gateway Terminals Co.	Perimeter security and access control measures; security and surveillance equipment; command, control and communications equipment	$331,741
Quebec	Montreal	Remorqueurs et Barges Montreal Ltd	Training	$788
Quebec	Montreal	Terminal Norcan Inc.	Security and surveillance equipment; training; command, control and communications equipment	$19,320
Quebec	Montreal	Urgence Marine Inc.	Perimeter security and access control measures; security and surveillance equipment	$21,515
Quebec	Port-Cartier	Compagnie miniere Quebec Cartier	Perimeter security and access control measures; security design studies	$30,745
Quebec	Quebec	Quebec Port Authority	Perimeter security and access control measures; security and surveillance equipment; security design studies; training	$2,324,267
Quebec	Quebec	Arrimage du Saint-Laurent	Security and surveillance equipment; security design studies; training	$146,250
Quebec	Quebec	Bunge du Canada	Perimeter security and access control measures; training	$21,633
Quebec	Quebec	IMTT - Quebec Inc.	Perimeter security and access control measures	$13,537
Quebec	Saguenay	Alcan Metal Primaire – Quai Duncan and Quai Powell #4	Perimeter security and access control measures; security and surveillance equipment	$86,250
Quebec	Saguenay	Prommel Inc. (Fonbrai Inc. and Servitank Inc.)	Security design studies; training	$6,516
Quebec	Saguenay	Saguenay Port Authority	Perimeter security and access control measures; security and surveillance equipment; command, control and communications equipment	$122,744
Quebec	Saint-Joseph-de-Sorel	Terminal maritime Sorel-Tracy	Perimeter security and access control measures; security design studies; training	$191,250
Quebec	Trois-Rivieres	Prommel Inc. (Servitank Inc. and Dow Chemical)	Security design studies; training	$6,591
Quebec	Trois-Rivieres	Prommel Inc. (Servitank Inc. – Trois-Rivieres)	Security design studies; training	$11,129
Quebec	Trois-Rivieres	Prommel Inc. (Somavrac Inc. and Fonbrai Inc.)	Security design studies; training	$7,950
Quebec	Valleyfield	McAsphalt Industries Limited	Training	$1,575
New Brunswick	Bayside	Bayside Marine Terminals	Perimeter security and access control measures; security and surveillance equipment; command, control and communications equipment	$41,588

New Brunswick	Belledune	Belledune Port Authority	Perimeter security and access control measures; security and surveillance equipment; training; command, control and communications equipment	$277,112

New Brunswick	Saint John	Logistec Stevedoring (Atlantic) Inc.	Perimeter security and access control measures; security and surveillance equipment	$28,809

Nova Scotia	Dartmouth	Cherubini Metal Works Limited	Perimeter security and access control measures; security and surveillance equipment; training	$127,355

Nova Scotia	Liverpool	Bowater Mersey Paper Co. Ltd.	Perimeter security and access control measures; security and surveillance equipment; training	$51,636

Nova Scotia	Louisbourg	Harbor Authority of Louisbourg	Perimeter security and access control measures; security and surveillance equipment	$31,151

Nova Scotia	Halifax	Cerescorp Company	Perimeter security and access control measures; security and surveillance equipment	$1,012,965

Nova Scotia	Halifax	EnCana Corporation Offshore Supply Base	Perimeter security and access control measures	$24,985

Nova Scotia	Halifax	Halifax Port Authority	Perimeter security and access control measures; security and surveillance equipment; training; command, control and communications equipment	$2,619,320

Nova Scotia	Halifax	Halterm Limited	Perimeter security and access control measures; security and surveillance equipment	$78,924

Nova Scotia	Halifax	Scotia Terminals Limited	Perimeter security and access control measures; training; command, control and communications equipment	$24,048

Nova Scotia	Point Tupper	Savage CANAC Corporation	Perimeter security and access control measures; security and surveillance equipment; security design studies; training; command, control and communications equipment	$144,750
Nova Scotia	Sydney	Provincial Energy Ventures Ltd.	Perimeter security and access control measures; security and surveillance equipment	$309,193
Nova Scotia	Yarmouth	Bay Ferries Ltd.	Perimeter security and access control measures; security and surveillance equipment; command, control and communications equipment	$35,421
Prince Edward Island	Charlottetown	Charlottetown Harbor Authority Inc.	Perimeter security and access control measures; security and surveillance equipment; training	$48,385
Newfoundland and Labrador	Come By Chance	North Atlantic Refining	Perimeter security and access control measures; security and surveillance equipment; training; command, control and communications equipment	$745,723
Newfoundland and Labrador	Corner Brook	Corner Brook Port Corporation	Perimeter security and access control measures; security and surveillance equipment; training; command, control and communications equipment	$2,282,096
Newfoundland and Labrador	Corner Brook	Corner Brook Pulp and Paper Limited	Perimeter security and access control measures; security and surveillance equipment; training; command, control and communications equipment	$372,389
Newfoundland and Labrador	Dunville	A. Harvey & Co. Ltd. – Argentia Freezers & Terminal	Perimeter security and access control measures; security and surveillance equipment; training	$146,857
Newfoundland and Labrador	Freshwater	Argentia Port Corporation	Perimeter security and access control measures; security and surveillance equipment; training; command, control and communications equipment	$540,000
Newfoundland and Labrador	Marystown	Kiewit Offshore Services	Perimeter security and access control measures; security and surveillance equipment; training	$35,414
Newfoundland and Labrador	Placentia	Maher’s Industrial Services Inc.	Perimeter security and access control measures; security design studies	$22,500
Newfoundland and Labrador	St. John’s	A. Harvey & Co. Ltd. – Marine Base Division	Perimeter security and access control measures; security and surveillance equipment; training	$24,965
Newfoundland and Labrador	St. John’s	St. John’s Port Authority	Perimeter security and access control measures; security and surveillance equipment; training	$94,590
Newfoundland and Labrador	Stephenville	Port Harmon Authority Ltd.	Perimeter security and access control measures; security and surveillance equipment; command, control and communications equipment	$117,540
			TOTAL	$29,052,786

November 2005

=============================================================

Copyright 2005 Seawaves Publishing Inc ISSN 1715-5436
104-277 Mountain Highway North Vancouver BC V7J 3S9 Canada

Tel: (604) 924-5401 Fax: (604) 924-5403

Subscribe: shipping_sub@seawaves.com

Unsubscribe: shipping_unsub@seawaves.com