U.S. Department of Transportation Office of Public Affairs Washington, D.C. www.dot.gov/affairs/briefing.htm

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PRESS BOOK

July 19, 2005

Page 1 of 1

B05-018

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

Ø U.S. Bank National Association, Owner Trustee, Hartford, CT, has received approval to transfer the 57,075-gross-ton container vessel SEA-LAND INTEGRITY to Marshall Islands registry and flag without change in the ownership of said Vessel.

The vessel was built in 1984 in Koje, Korea.

Ø Penn Maritime, Inc., Stamford, CT, has received approval to sell the 1,542-gross-ton tank barge CHESAPEAKE to Maingral Investment, S.A., a British Virgin Island corporation, and transfer said Vessel to St. Kitts and Nevis registry and flag.

The vessel was built in 1964 in Baltimore, MD.

Ø Andrea C Fishing Corporation, San Diego, CA, has received approval to transfer the 1,072-gross-ton fishing vessel ANDREA C to Panamanian registry and flag, as incident to the sale of said Vessel to Bahia Esmeralda, a Panamanian corporation.

The vessel was built in 1981 in Tacoma, WA.

Ø Rowandrill, Inc., Houston, TX, has received approval to sell the 3,998-gross-ton MODU ROWAN TEXAS to Alban Loyd Chiles Offshore, Limited, an Indian corporation, and transfer said Vessel to Panamanian registry and flag.

The vessel was built in 1973 in Vicksburg, MS.