Page 6: of Maritime Reporter Magazine (April 2000)

International Representatives Editor's Note

Despite seemingly best efforts by world leaders, it appears that the wild gyrations which are the hallmark of the oil industry, will never truly be tamed. For proof, simply check out the Offshore Market report on page 32, which touts the "lingering $30+" barrel of oil. Between the writing of that piece and this one (about a week),

OPEC leaders had met, decided to boost production seven percent and sent oil prices screaming down below the $25 level. While an immediate $5 per barrel price would normally spread doom throughout the GOM region and all of the various maritime industries which support it — it seems that confidence regarding a second-half2000 bounceback is still intact. OPECs recent actions were driven more by politics than anything else, as U.S. leaders implored them to boost production to ease consumer pricing and alleviate summer shortage fears. Suppliers, largely, have yet to see the traditional inquiries that would definitively mark the comeback, but enough positive signs abound — such as increased hiring at offshore service companies, steadily rising rig counts and hot stock valuations for many of the leading companies — to indicate the next boom is coming.

While many of the yards in the GOM area are eagerly awaiting the return of the offshore and related business, Litton-Ingalls Shipbuilding in Pascagoula is quietly becoming the cruise capitol in the U.S. The company, which already has the United States Line fleet on its orderbook, announced a MOA signed with SeaAmerica Cruise Lines of Hollywood, Fla. to build a pair of 42,000- dwt, 1,000-passenger cruise ships, pending MarAd Title XI funding. Legal

Beat columnists from Dyer Ellis & Joseph give MR/EN readers a Title XI update, including activity in the soaring ferry market, starting on page 14.

INTERNATIONAL OPERATIONS

CHARLES E. KEIL, Vice President 4400 N. Federal Highway, Sle. 121, Boca Raton, FL 33431

Telephone: +561-368 1021; Fax: +561-368-1161 24-hr Tel/Fax: +561-998-0313; Mobile Tel: +561-716-0338

Tony Stein, International Sales Manager 12, Braehead, Bo'ness, West Lothion EH51 0BZ, Scotland, U.K.

Telephone: +44 (0) 1506 822240; Fax: +44 (0) 1506 828085

Australia/New Zealand

Tony Stein 12, Braehead, Bo'ness, West Lothian EH51 0BZ, Scotland, U.K.

Telephone: +44 (0) 1506 822240;

Fax: +44 (0) 1506 828085

Argentina

R. LESLIE RAMSAY

Calle Pellegrini 173

Primer Piso, Departamento C 1009 Buenos Aires, Argentina

Tel: +54 1 394 8821; Fax:+54 1 326 4377

Benelux

PAULA TACQ

Maritime Media ML

Otweg 18 2771 VX Boskoop, Netherlands

Te: +31 172 230707; Fax: +31 172 230708

Brazil

JOSE DUARTE DOS SANTOS

Multipla Agencial Martima, Ltda.

Rua Carolino Rodrigues 28

Cuarto Andor, CEP-11055-070

Santos, Sao Paulo, Brazil

Tel/Fax: +55 1 32 32 74 74

Central America

EDUARD0 F. LOPEZ/ISELA BAZAN

Transmarine Media Services, P.O. Box 8579,

Balboa Ave., Panama 5, Panama

Tel:+507 617 1469; Fax:+507 251 4794

China

WANG ZE/XU XIAO FENG

Uaoning Foreign Trade Advertising Corp. 2 Zhongshan Square, Dalian, China 116002

Tel: +86 411 2801924; Fax: +86411 2644606

Eastern Europe

IVAN BERENYI/OLGAIVANOVA

Pannonia Media Agency, 8630 Balatonboglar

Radnoti Miklos u.l 4, Hungary

Tel:+36 85 353 319; Fax: +36 85 353442

Egypt

CAPTAIN TARIQM.0SMAN

Osman Marine Media Co.

Algamhoria St., P.O. Box 1248, Alkleej Bldg.,

Port Said, Egypt

Tel: +20 66 340988; Fax:+20 66 325706

Germany/Switzerland

HANSJORG BRANS

Maritime Media

Freiherr v. Stein Str. 24, D-63303

Dreieich, Germany

Tel: +49 6103 697745; Fax: +49 6103 697743

Italy

VITT0RI0 NEGR0NE

Ediconsult Internozionale

Piano Fontane Morose, 3-16123 Genoa, Italy

Tel: +390 10 583684; Fax: +390 10 566578

Japan

AKIOISHII

Ace Media Service Inc. 12-6,4-chome, Nishiike

Adachi-ku, Tokyo 121, Japan

Tel:+81 3 5691 3335; Fax: + 81 3 5691 3336

Korea

JO, YOUNG SANG

Business Communicate, Inc.

Kwangwhamun P.O. Box 1916, Seoul, Korea

Tel:+82 2 739 7840; Fax: +82 2732 3662

Portugal/Gibraltar

PAULO BREHM

AZ Publiciadade Lda., Ruo Almirante Barroso, 52-1 D, P-1000 Usbon, Portugal

Tel: +351 1 3142256; Fox: +351 1 3525157

Scandinavia

STEPHAN R.G. 0RN/LE0N SCHULZ

AB Stephan R.G. Orn, Box 184

S-271 24 Ystad, Sweden

Tel:+46 411-184 00; Fax:+46 411 105 31

Singapore

CATHERINE WONG

The Euro-Asia Link, 20 Maxwell Road 07-18A

Maxwell House, Singapore 069113

Tel:+65 3231025

Fax:+65 3237026,+65 4564610,

South Africa

FINN KVAMSDAHL

Finn's Enterprises, Media Marketing Division

P.O. Box 99,2250,

Blinkpan, Republic of South Africa

Tel/Fax: +27 13 2953 023

Spain

JOSE LUIS SEVA

Via Exdusiuas S.L

C/Viriato, 69SC 28010, Madrid, Spain

Tel: +34 91 448 76 22; Fax: +3491 4460214

Turkey

NIHAT BOYTUZUN

Kamera Corp., Cumhurlyet Cad. 257/3,

Harblye 80230, Istanbul, Turkey

Tel:+90 212 248 48 64;

Fax:+90 212 230 36 97

United Kingdom

MICHAEL J. DAMSELL

Euromedia Ltd., P.O. Box 122,

Hayward's Heath,West Sussex

RH161YF, England

Tel: +44 1444417360;

Fax:+44 1444 410497

Don't think about power, get it.

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ABB Turbocharger Co., North Brunswick (N.J.), call 24 hours: 732-932 6103 6

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