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Miami April 27, 2006 - The Coast Guard is responding to a report of a 748-foot tank ship that ran aground three miles south of Tallaboa, Puerto Rico, at 1:15 a.m. today, while en route Tallaboa, Puerto Rico, to Cartagena, Colombia.

Marine inspectors and investigators from Coast Guard Resident Inspection Office Ponce, Puerto Rico, and Coast Guard Sector San Juan, Puerto Rico, are on scene with the tank ship Margara, a Cayman Islands flagged vessel reported to be carrying a cargo of 308,809 barrels of crude oil. Once there, the marine inspectors and investigators will inspect the vessel for signs of damage, determine if there has been a discharge of oil and begin an investigation to determine the causes of the accident.

At this time, there are no reports or signs of pollution associated with the grounding. There are no reports of any injuries to the Margara's 28-member crew.

The Coast Guard received the report of the grounding via VHF radio from the assist tugboat Rosario P. The cause of the grounding is under investigation.

Port of Ensenada to Use Bulldog's RoadBOSS GTS for Container Security in Shipments Headed for the US

Richmond BC April 27, 2006 - Bulldog Technologies Inc., the premier provider of wireless security solutions and sensor networks that monitor, track and secure assets in the global supply chain reports of an independent article in the Mexico City T21.biz® magazine (Transport 21st Century). The article outlines the adoption of Bulldog's RoadBOSS GTS Global Tracking Seal by the Port of Ensenada, located 110 kilometers south of the United States border.

Mr. Carlos Jaúregui, General Director of the Port of Ensenada administration, said that they have identified Bulldog as a company that has a proven technology providing guaranteed security for containers in transit, outbound from the Port of Ensenada to the US border. Jaúregui added, "In the first year of operations the trailers could be moving around 10% of the 95,000 containers that the port expects to serve. In the following five or six years, Bulldog's penetration can reach up to 40 to 50% of the containers that the port processes each year. They will start running the trailers in the multimodal corridor from Ensenada to the US Customs border posts of Tijuana, Tecate and Mexicali. Ensenada is a Mexican Pacific port seen by certain shippers as an alternative to the congestion problems that the Californian ports of Long Beach and Los Angeles are facing in regards of the container traffic."

Mr. John Cockburn, Bulldog's CEO, said, "The Port of Ensenada's approval of Bulldog's product is further proof that we are on our way to becoming a market leader in international supply chain security. The Mexican, US border is one of the busiest in the world, with over 4.5 million truck and 305,000 rail containers crossing per year. The potential in this market alone is enormous, and with our international marketing plan underway, this equates to only one of many huge opportunities open to Bulldog."

The RoadBOSS GTS Global Tracking Seal is the next generation of Bulldog Technologies' layered wireless security solutions. Incorporating an electronic seal with GPS and GSM/GPRS communications, the RoadBOSS GTS provides an unparalleled security layer and monitoring capabilities to any container or trailer. The RoadBOSS GTS allows the user to positively monitor and secure trailers and containers through real time notification of illicit breach of seal, unauthorized movement, route tracing, and automatic notification of arrival at its destination via email or text messaging service. Use of the RoadBOSS GTS in cooperation with local governments may allow the receiver to obtain priority clearance through customs when importing international cargo. The RoadBOSS GTS automatically activates the instant it is snapped on the locking bars, and immediately provides full visibility and protection of your cargo until its authorized removal.

Washington April 26, 2006 - The Coast Guard today announced voluntary guidance for determining the number of passengers that certain domestic vessels can safely carry.

The notice, published in the Federal Register, recommends that owners and operators of small passenger vessels, including pontoon vessels, voluntarily implement measures to prevent operating in potentially overloaded conditions.

The Coast Guard requests public comments on the notice. Comments and related material must reach the Docket Management Facility on or before May 26, 2006. Comments should identify docket number USCG-200522732. To avoid duplication, please use only one of the following methods.

Mail: Docket Management Facility, US Department of Transportation, 400 Seventh Street SW., Washington DC 20590-0001

Fax: (202) 493-0402

Delivery: Room PL-401 on the Plaza level of the Nassif Building, 400 Seventh Street SW., Washington, D.C., between 9 a.m. and 5 p.m., Monday through Friday, except federal holidays. The telephone number is (202) 366-9329.

To view comments and documents, go to http://dms.dot.gov at any time, click on "Simple Search," enter the last five digits of the docket number (22732) for this rulemaking, and click on "Search."

Copenhagen April 27, 2006 - A/S Steamship Co TORM, a shipping company specializing in the worldwide commercial operation of a fleet of tankers and bulk carriers, announced that it has entered into an agreement to sell the bulk carriers TORM Arawa (built 1997) and TORM Pacific (built 1997).

The vessels have been sold to Pacific Basin, Hong Kong for total consideration of US $35.1 million and are expected to be delivered towards the end of the second quarter of 2006. The vessels have been trading in the Pacific Basin managed IHC pool.

TORM has adjusted guidance for the 2006 result to US $155-175 million before tax (DKK 930-1.050 million) from the previous forecast of US $140-160 million as a result of the sale and, in addition, to a higher than expected dividend payment from Norden.

The sale of the vessels is part of the Company's strategy to decrease its focus on the Handysize segment of the market, and its intention to grow and maintain a modern fleet of larger Panamax bulk vessels.

Following delivery of the two vessels, TORM's owned fleet will consist of 30 product tankers and 8 dry bulk vessels.

Senators Daniel K. Inouye and Ted Stevens to Address History of Containerization 50th Anniversary Gala

Washington April 27, 2006 - The Honorable Daniel K. Inouye, United States Senator from Hawaii, and The Honorable Ted Stevens, United States Senator from Alaska, will be the keynote speakers at the History of Containerization Foundation gala in the Rotunda of the Smithsonian National Museum of Natural History in Washington, DC, on April 27, 2006 to mark the 50th anniversary of containerized ocean shipping.

Charles G. (Chuck) Raymond, CEO and President of Horizon Lines made the announcement of the appearance by both distinguished legislators, Honorary Co-Chairman of the event. Horizon Lines, America's largest domestic ocean carrier, is the gold level donor for the event and is also marking its 50th anniversary this month as the successor company to Sea-Land Service.

"Senator Inouye's remarkable service to our country as a congressman in 1959, when Hawaii became a state, and a U. S. Senator since 1962 had made him a participant, facilitator and eye-witness to every stage of this great piece of American ingenuity - containerization. He is the ideal person to address our distinguished guests," said Mr. Raymond. Senator Inouye is also World War II combat veteran who earned the nation's highest award for military valor, the Medal of Honor.

As Co-chairman of the Senate Committee on Commerce, Science and Transportation, Senator Inouye has been able to address maritime transportation, that are crucial for America, as well as for his home state of Hawaii, given its location in the middle of the Pacific Ocean.

He was also a personal friend of Malcom P. McLean, the acknowledged father of containerization, who was the innovator of this form of moving cargo and who dramatically impacted world trade a half-century ago with the sailing of the first vessel to carry containers 50 years ago this month, IDEAL X.

A member of the Senate for 37 years, Ted Stevens' tenure in the Senate makes him the fourth-most senior member among his colleagues, and first among Republicans. Senator Stevens holds the position of Senate President Pro Tempore and presides over the Senate in the absence of the Vice President and is third in the line of succession for the Presidency. He also is the Chairman of the Senate Committee on Commerce, Science, and Transportation, which has oversight of the Departments of Commerce and Transportation. As Chairman of the Defense Appropriations Subcommittee, working with the Senator Dan Inouye, he has kept track of defense requirements to ensure our security.

"Ted Stevens is himself a war hero. During World War II he was a pilot in the China-Burma-India Theater. He received two Distinguished Flying Crosses, two Air Medals, and the Yuan Hai medal awarded by the Republic of China," said Raymond.

The event at the Smithsonian is being hosted by the HOC Foundation, a 501c3 charity. The purpose is to raise funds to create a museum to house a permanent legacy to container shipping, Chuck Raymond noted.

NTSB Acting Chairman Applauds MAIB for Safety Recommendations

Washington April 27, 2006 - NTSB Acting Chairman Mark V. Rosenker applauded the United Kingdom's Marine Accident Investigation Branch (MAIB) for issuing a Safety Bulletin alerting ship owners and managers of the potential fire risk on external areas, particularly balcony areas, arising from the use of combustible materials. Today's bulletin, including urgent safety recommendations, was issued as part of the ongoing investigation into a fire at sea aboard the cruise ship Star Princess.

"We are pleased to see these urgent safety recommendations issued so early in this investigation," said NTSB Acting Chairman Mark V. Rosenker. "Compliance with the safety recommendations will contribute to cruise line safety worldwide."

On March 23, 2006, a fire was detected on the Star Princess, a Bermuda registered passenger ship, originating from Port Everglades, Florida and enroute from Grand Cayman to Montego Bay, Jamaica with 2,690 passengers and a crew of 1,123 onboard. The fire started on an external stateroom balcony on the vessel's port side. There was one fatality and 13 persons were treated due to the smoke. The accident is being investigated by the MAIB on behalf of the Bermuda government.

The NTSB and the US Coast Guard are participating in the investigation under the provisions of the International Maritime Organization's Code for Investigation of Marine Casualties and Incidents. While on-scene in Jamaica, an NTSB marine investigator assisted in the examination of the ship and conducted crew interviews.

The International Council of Cruise Lines (ICC) also issued a Safety Notice to its members, alerting them of the details of the fire aboard the Star Princess, and urging them to take immediate action on a number of fronts to increase safety awareness and to reduce the potential for fire aboard passenger ships.

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