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Pacific Fisherman Shipyard Elects Myrseth as President

Maritime Activity Reports, Inc.

July 30, 2002

The board of directors of Pacific Fishermen, Inc. has elected new officers, including: Robert Myrseth as president, Warren Aakervik, Jr. as vice president, Ann Salvesen as secretary/treasurer and Doug Dixon as general manager. The election of officers followed the election at the Annual Shareholders Meeting of the following three new members of the board of directors for three-year terms: Gunnar Ildhuso, Sr., Crab and trawl fishing pioneer and owner of the F/V Margun and F/V Gunmar; Jack Knutsen, longline fisherman and owner of the halibut and blackcod schooner F/V Grant and Jerry Horn, past board member and office manager of Pacific Fishermen, Inc.

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