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Signal International Achieves Milestone Safe Man Hours

Maritime Activity Reports, Inc.

July 31, 2007

Signal International recently achieved over one million man hours without a U.S. Department of Labor OSHA recordable incident. This safety performance follows the announcement of the Shipbuilder’s Council of America (SCA) 2006 safety awards. For the fourth consecutive year, Signal International has been a recipient of the Excellence in Safety award with one of the lowest total recordable incidence rates in the industry.

This historic milestone was achieved on July 22, 2007. Dick Marler, Signal International’s CEO commended Ron Schnoor, Senior Vice President and General Manager of its’ Mississippi operations for personally developing the policies and procedures necessary to insure a safe working environment. The Mississippi facilities have logged 1,070,232 man-hours without a recordable incident since April 27, 2007. Since January 2007, the entire operation has worked 2,785,370 man-hours, and has a total recordable incident rate of 0.21. This is approximately 3% of the industry incident rate. The 2006 average for the shipyards associated w/the Shipbuilders Council of America (SCA) is in the range of 7 – 7.5.

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