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Harvey Gulf Contracts for New OSV

Maritime Activity Reports, Inc.

May 10, 2005

Harvey Gulf International Marine, Inc., signed a contract with Eastern Shipbuilding Group, Panama City Fla., for the construction of the new generation 280 x 60 ft. Deep Water Offshore Supply Vessels (OSV), to be named Harvey Spirit. The Harvey Gulf International Marine New Generation design incorporates large capacities in a manageable vessel design with a space-efficient design. It has a clear deck dimension of 202 x 52 ft. (10,500 sq. ft.), drilling fluid capacity of 13,500 bbl., 12,000 cu. ft. dry bulk along with its extremely high water and fuel capacities. Liquid cargo loading and delivery systems aboard the HGIM New Generation include oversize piping systems. The vessels can discharge liquid mud at high flow rates (1,400 gpm). Operators will be able to make full use of the vessel’s cargo capability in port areas that limit deeper vessels to operation at less than full capacity, as well as vessels with shallow hulls that cannot work in rough seas, wind and especially currents. The Harvey Gulf New Generation will offer enhanced features such as computerized tank level indicator systems, computerized cargo discharge system, vessel stability program and fuel management system which are fully automated. Two high horsepower bow thrusters, a stern thruster along with 6000 bhp controllable pitch main propulsion plant combine to make these vessels very maneuverable at offshore rig and platform locations. The hull is configured with double bottom and double sides, enabling the vessel to survive accidents. The double bottoms and double sides are primarily used for water tankage. In addition to the hull configuration, the vessel’s sewage and waste systems are arranged for zero discharge operation, allowing the collection and shore disposal of sanitary drainage, rather than the more typical overboard discharge of wastes into sensitive or regulated marine environments. Last year Harvey Gulf International took delivery of its two new breed 240 x 56 ft. Deep Water Offshore Supply Vessels (OSV), and both are presently involved with long term contracts.

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