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Vessels: Keppel Singmarine Delivers Tractor Tug

Maritime Activity Reports, Inc.

October 23, 2003

Keppel Singmarine Pte Ltd. delivered one of the world's largest tractor tugs to Maju Maritime Pte Ltd. Measuring 111.5 ft. long with bollard pull in excess of 64 tons, Pisces 53 is on a long-term charter through Briny Marine Services Sdn Bhd to support Brunei Shell Petroleum Co Sdn Bhd's exploration and production activities. Pisces 53 will joined her sister vessel Phoenix 52 and an utility tug Pegasus 51, two other Maju Maritime tugs that were delivered in early June 2003, at the Brunei Liquefied Natural Gas Terminal in Lumut, Brunei. These vessels were contracted to Keppel Singmarine in May 2002. Pisces 53 is classified under LRS Maltese Cross as 100 A1 TUG + LMS (Unrestricted Service). Maju Maritime is managed by Smit Singapore. Its services include harbor towage, standby duties, tow out of offshore structures, outside port limit ship-to-ship transfer, marine support and coastal towage. Briny Marine Services Sdn Bhd is a subsidiary of Keppel Smit Towage. Brunei Shell Petroleum Co Sdn Bhd's activity is primarily exploring for and producing crude oil and natural gas from onshore and offshore fields.

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