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Damen Gets Contract for Tug

Maritime Activity Reports, Inc.

July 17, 2007

A contract has been signed with Astinave (Ecuador) for the delivery of a complete material package of a Damen Stan Tug 1405 to be assembled at their premises in Guayaquil. The tugboat is destined for Suinsa to assist coastal tankers at their berthing station. The vessel will enter in service in August 2008.

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