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COSCO Shipyard Integrates with SmartMarineT 3D

Maritime Activity Reports, Inc.

October 17, 2007

After 10 months of implementation, the COSCO Shipyard Group has reportedly realized productivity and quality results to warrant a more rapid deployment of Intergraph SmartMarine 3DT engineering design software solutions to all five of its yards for ship and offshore projects. Since purchasing SmartMarine 3D (formerly known as IntelliShip) in late 2006, COSCO has applied its marine engineering design capabilities in three shipyards: -- COSCO Zhoushan Shipyard: Its floating, storage and offloading (FSO) project is the first offshore project by COSCO Zhoushan and is the beginning of its offshore marine industry activities, including the new development for a semi-submersible unit -- COSCO Dalian Shipyard: Design and construction of a floating, drilling, production, storage and offloading (FDPSO) vessel -- COSCO Nantong Shipyard: Production of the first self-elevating (jack-up) drilling unit undertaken by COSCO and only the third ever built in China, as well as the world's first cylindrical drilling unit

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