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Bouchard Cancels ATB Contract

Maritime Activity Reports, Inc.

October 31, 2001

Halter Marine, Inc., the vessel segment of Friede Goldman Halter, Inc. announced the cancellation by Bouchard Coastwise Management, Inc. of a 110,000-barrel, oceangoing, double-hulled articulating tug-barge (ATB)contract. Halter continues conversion work on a double-skin barge for the customer at the Pearlington, Mississippi yard.

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