MarAd Approves Vessel Sale and Transfer

June 22, 2006

The Maritime Administration (MarAd) has approved a vessel sale and transfer under section 9 of the Shipping Act, of 1916, as amended. MarAd has given approval to Dewey Seymore & Associates, of Folsom, California, to sale the deck barge EM1005, to China Harbour - Costain Mexico S. de. R.L .de. C.V., Mexico and transfer of said Vessel to Mexican registry and flag. The deck barge was built by Bollinger Marine Fabricators and has a gross tonnage of 1072.

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