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T&T Bisso Wins Salvage Contract

Maritime Activity Reports, Inc.

August 18, 2005

The alliance between T&T MARINE SALVAGE of Galveston, TX, and BISSO MARINE, of New Orleans, LA, known as T&T BISSO, LLC has been awarded a contract to salvage two hopper barges which are presently sunk in the Mississippi River at mile 297 AHP LMR near Angola, LA. The alliance which recently participated in the emergency response effort to rescue the disabled BP THUNDERHORSE semi submersible rig in the Gulf of Mexico has again pooled equipment and resources to support the salvage of the hopper barges. T&T MARINE SALVAGE mobilized the D/B JOSIE T and BISSO MARINE mobilized the D/B AJAX and the C/B BIG EAGLE to the location last week, following the removal of the cargo, the barges will be raised and returned to the owner. The salvage operation is expected to take a few weeks.

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