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Jaya Shipyard to Deliver AHTS

Maritime Activity Reports, Inc.

January 26, 2007

The first Anchor Handling Tug Supply (AHTS) vessel, Sea Cheetah, from Jaya Shipyard in Singapore is expected on February 8. The delivery date is based on the original time schedule. Deep Sea Supply has entered into a 3-4 months time charter with Acergy. The value of the charter is approximately $6.5m, including fees for mobilization and demobilization. The vessel will go directly to West Africa for future operation.