SMIT Acquires Minette Bay Ship Docking

Maritime Activity Reports, Inc.

March 23, 2009

On Wednesday 18 March 2009, SMIT entered into an agreement to acquire all shares of Minette Bay Ship Docking Ltd in Prince Rupert, Canada. Minette Bay is active in the port of Prince Rupert with three ASD tugs. Minette Bay performed the shipdocking services for Ridley Island Coal Terminal for 25 years. This acquisition enhances SMIT Marine Canada’s current harbour towage operations on the West Coast of Canada. The acquisition is still subject to approval of authorities under the Investment Canada Act.

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