THE MARINE LOG FEATURES CALENDAR FOR 2003

June 12, 2002Halter starts work on NOAA vesselHalter Marine, Inc., a subsidiary of Friede Goldman Halter, has started construction of NOAA's (National Oceanographic and Atmospheric Administration) newest vessel the M/V Oscar Dyson.The vessel is scheduled for delivery in 36 months at a price of $38.3 million. It is anticipated that options for additional vessels will be exercised as Congress incrementally appropriates funds. NOAA may build up to three additional Fishing Research Vessels under the terms of the contract, pushing its value to more than $165 million. The M/V Oscar Dyson is a state-of-the-art Fishing Research Vessel named in honor of Oscar Dyson, who pioneered the expansion of the commercial fishery of crab, shrimp, and pollock.The vessel will be homeported in Kodiak, Alaska as part of the NOAA fleet. The Office of Marine and Aviation Operations will operate the vessel, with a crew composed of civilians and officers of the NOAA Commissioned Corps -- the smallest of the nation's seven uniformed services. The completed vessel will be 63.6 m in length, with a beam of 15.0 meters and a draft with the centerboard in an up position of 5.9 meters. The vessels will house multiple laboratories and is designed with a 40-day endurance.

Greek shipowners are continuing their relentless domination of world fleet tables along with a drive towards younger and larger vessels.As of mid-March the Greek-controlled merchant fleet stood at 3,370 vessels of 180.1 million dwt, representing 18% of the total world fleet.The growth of the fleet in number of vessels from 2003 was just 15 (under 0.5%) but deadweight tonnage increased by almost 5%. The total number of vessels included 256 on order.Figures produced on an annual basis by Lloyd's Register-Fairplay for the London-based Greek Shipping Co-operation Committee show a decrease of 18 in the number of oil tankers controlled by Greek interests, as compared to statistics issued in May 2003. However, tonnage was up by 285,171 dwt, indicating the trend to phase out older vessels and replace them with larger, newer ones.

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Tidewater Inc. owns and operates over 550 vessels, the world's largest fleet of vessels serving the global offshore energy industry.

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