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Deploys all redelivered vessels on longer term employment. FSL Trust Management Pte. Ltd. (“FSLTM”), as trustee-manager of First Ship Lease Trust (“FSL Trust” or the “Trust”), has announced  the financial results of FSL Trust for the third quarter ended 30 September 2012 (“3QFY12”). In 3QFY12, FSL Trust successfully delivered its three chemical tankers into the ‘Nordic Siva’ pool as well as a second product tanker, FSL Hamburg, to Petròleo Brasileiro S.A. (“Petrobras”) for the commencement of her three-year time charter. Prior to their redeployment, these vessels were trading in the spot market where earnings were more volatile. Revenue declined 6.5% to US$26.7 million against the same period last year.

FSL Trust Management Pte. Ltd. (“FSLTM”), as trustee-manager of First Ship Lease Trust (“FSL Trust” or the “Trust”) refers to its earlier announcement “FSL Trust renegotiates charter terms for TORM product tankers” made on 10 April 2012 and wishes to provide an update. On 2 October 2012, TORM A/S (“TORM”) announced the signing of a restructuring agreement with its banks and tonnage providers that will secure for TORM substantial deferral of its bank debt, new liquidity and savings from its restructured time charter book1. Subject to the technical completion of the restructuring agreement, which is expected within four weeks, tonnage providers…

Tidewater Inc. announced today the following update with respect to its negotiations with Sonangol, the national oil company of Angola, regarding Sonatide, the joint venture between Sonangol and Tidewater through which Tidewater markets its boat services to energy companies for operation in the waters offshore Angola. Tidewater has a 49% ownership interest in Sonatide. The Company has previously announced that its Sonatide joint venture agreement with Sonangol expires on March 31, 2012. The Company has from time to time provided updates regarding the status of its continuing negotiations with Sonangol to put its Sonatide joint venture on a more permanent footing after a number of temporary extensions of the original joint venture agreement.

Transocean Inc. announced that its report of drilling rig status and contract information covering the company's 140-unit offshore drilling fleet has been updated. Drilling rig status and contract information on the company's offshore drilling fleet has been condensed into a report titled Transocean Fleet Update, which is available through the company's website www.deepwater.com. The report can be accessed from the home page of the Web address by clicking on the Fleet Update Report link found in the tool bar.

Aries Maritime Transport Limited announced the Ostria, a 2000-built products tanker, has returned to service effective January 13, 2008 following the completion of previously announced repairs and preventative maintenance works. The vessel is currently deployed in the spot market as the Company explores period charter opportunities. Aries has received an initial payment of approximately $850,000 in respect to its claim under repairs insurance for the Ostria. The initial payment will be recognized in the fourth quarter of 2007. In addition to insurance claims related to vessel repairs, Aries received approximately $1.2m in full settlement of its claim under loss-of-hire insurance, which will also be recognized in the fourth quarter of 2007.

Transocean Inc. announced that its report of drilling rig status and contract information covering the company's 140-unit offshore drilling fleet has been updated as of December 7, 2007.

Maritime New Zealand (MNZ) was advised that the operation to right the listing bulk iron sand carrier Taharoa Express, could take longer than originally estimated. Estimates provided to MNZ from on board the vessel indicated that it could potentially take up to 10 days for the slow, careful process of pumping of excess water from its cargo holds to be completed. This is due to the vessel’s size and the amount of water contained on board, as well as the capacity of the pumps currently available. The water is used to help pump in the iron sand and is a normal part of loading operations. The carrier has been anchored in Tasman Bay, near Nelson, since last Friday evening. The crew have been working since then to right the vessel, after its load shifted in heavy seas near Cape Egmont.

Transocean Inc. announced that its report of drilling rig status and contract information covering the company's offshore drilling fleet has been updated as of May 1, 2007. Drilling rig status and contract information on Transocean Inc.'s offshore drilling fleet has been condensed into a report titled "Transocean Fleet Update," which is available through the company's Worldwide Web address at www.deepwater.com.

deployment. repairs and upgrades, as previously announced. in the spot market, while period charter opportunities are explored. cost of repairs is expected to total approximately $1.4m. of the vessel from its previous charterer. $17,297.50 per day. for a period of six months at the same rate. previous charterer. has also exercised an option to extend the charter from Europe to the U.S. East Coast. hire. exceeding the maximum off-hire time allowed under the contract. Aries also announced the appointment of Tapas Mukhopadhyay as Aries Fleet Manager, effective November 1, 2006. of Technical Management for Essar Shipping Ltd. of India. Aries' fleet.

Aries Maritime Transport Limited announced that it expects to complete repairs to the Bora, a 2000-built double-hull products tanker, before the end of the second week of October 2006 at a total cost of approximately $1.3 million. Following the completion of repairs, Aries plans to initially employ the vessel in the spot market prior to securing a period charter. The Company's previous time charter arrangement with FR8 PTE has been voided with no claim on either party as a result of passing the cancellation date under the charter terms.

Transocean Inc.’s report of drilling rig status and contract information covering the company's offshore drilling fleet has been updated as of September 1. Drilling rig status and contract information on Transocean Inc.'s offshore drilling fleet has been condensed into a report titled "Transocean Fleet Update," which is available through the company's Worldwide Web address at www.deepwater.com. The report can be accessed from the home page

Aries Maritime Transport Limited announced that it has withdrawn the Bora, a 2000- built double-hull products tanker, from the vessel's charter with PDVSA, and is currently marketing the vessel for a new charter. Mons S. Bolin, President and Chief Executive Officer, commented, "Rates for products tankers remain firm and we are actively pursuing a new charter for the Bora in the international market. We remain committed to employing our vessels on period charters with leading charterers in order to provide shareholders with a stable revenue and dividend stream."

American Superconductor Corporation issued an update on recent advances in the utilization of high temperature superconductor (HTS) wires in electric power applications, including power generation, transmission and distribution, and ship propulsion electric motors. http://www.gepower.com/corporate/en_us/aboutgeps/releases/102802.pdf ). AMSC. which AMSC has been named the primary wire supplier. the transmission and distribution grid in the U.S. amounts of electricity at higher levels of reliability. highest levels within the electric industry and government. applied to upgrade power networks. reliability and power flows through existing grids. technology for relieving grid congestion and upgrading power networks. decline over the last 30 years. Huber and Mills comment that " ...

Offshore Systems International Ltd. definitive agreements for the transaction. letter of intent to purchase the target company on July 11, 2005. "The process is going very well," said President and CEO John Jacobson. Jacobson said that this is a very complicated acquisition. OSI's revenue and employee base. the United States, is a supplier of technology and services to the U.S. Department of Defense and key defense prime contractors.