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Bender Shipbuilding & Repair Co.,Opens Astilleros Bender

Maritime Activity Reports, Inc.

June 7, 2004

Bender Shipbuilding & Repair Co., Inc. of Mobile, Ala.has announced the opening of Astilleros Bender S. De R.L. De C.V. in Tampico, Mexico. Astilleros Bender is a wholly-owned subsidiary of Bender. The shipyard is located on the south side of the Panuco River 10 km upstream from the Gulf o Mexico and across the city of Tampico. The yard consists of 125 acres of land and 3000 ft. of river frontage accessed by 28 ft. deep maintained channel. Astilleros Bender currently is concentrating on ship repair and has in operation a 3000 ton lift capacity dry dco and some 1,500 feet of river side repair facility open for business.

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