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U.S. DEPARTMENT OF TRANSPORTATION
400 7th Street, SW
MARITIME ADMINISTRATION
Washington, DC 20590

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PRESS BOOK

May 7, 2004

Page 1 of 1

B04-012

The Maritime Administration (MARAD) has approved six applications under section 9 of the Shipping Act, 1916, as amended. They include:

GlobalSantaFe Drilling Company has received approval to transfer four mobile offshore drilling units to Vanuatu registry and flag without change in the ownership of said Vessels.

The vessels are:

The 4,976-gross-ton GLOMAR MAIN PASS I was built in 1982 in Pascagoula, MS.

The 4,976-gross-ton GLOMAR MAIN PASS IV was built in 1982 in Pascagoula, MS.

The 4,473-gross-ton GLOMAR HIGH ISLAND IV was built in 1980 in Quebec, Canada.

The 4,473-gross-ton GLOMAR HIGH ISLAND VIII was built in 1981 in Quebec, Canada.

General Metals of Tacoma, Inc., Tacoma, WA has received approval to sell the 4,562-gross-ton barge TWIN HARBOR II to B. J. Marine Holdings Ltd., a Canadian corporation and transfer said Vessel to Canadian registry and flag for scrapping in China.

The vessel was built in 1943 in Baltimore, MD.

Tri-Millennium Shipping, L.L.C., New Orleans, LA has received approval to sell the 2,576-gross-ton barge TIDELANDS 016 to McKeil Work Boats Limited, a Canadian corporation and transfer said Vessel to Canadian registry and flag.

The vessel was built in 1977 in Gretna, LA.