MarAd Announces Vessel Sale and Tranfer

September 11, 2006

The Maritime Administration (MARAD) has given approval to C.S. Global Sentinel, L.P., of Baltimore, MD, to transfer the industrial vessel Global Sentinel, Official No. 973792 to Marshall Island registry and flag, without change in the ownership of said vessel. The Global Sentinel now used as a cable vessel is 434 ft. in length and has a gross tonnage of 13,201.

The Maritime Administration (MarAd) has given approval to Polar Tankers, Inc., of Bartlesville, OK, to sell two tank vessels the Polar Alaska, Official No. 614544 and the Polar California, Official No. D623291to Aker Floating Production ASA, a Norwegian corporation, and the transfer of said vessel to Marshall Island registry and flag. Both 900-ft. tank vessels have a gross tonnage of 83675 each.

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