Page 12: of Maritime Reporter Magazine (January 2002)

Chuan HUP Subsidiary Sells Entire Stake

In Dredging International

Marine transportation services provider, Chuan Hup

Holdings Limited's subsidiary, ACIS Holdings Ltd. has disposed of its entire 10 percent stake in Dredging

International Asia Pacific Pte Ltd for $8.2 million.

Chuan Hup estimates the net profit before tax attribut- able to this sale to be $3 million. The cash sale of 6.3 million ordinary DIAP shares, representing 10 percent of the total issued share capital of DIAP, was made to

Tideway B.V. of the Netherlands. The remaining 90 percent of DIAP is owned by Pacific Dredging Corpo- ration B.V. Both Pacific Dredging and Tideway are wholly-owned subsidiaries of Dredging, Environmen- tal and Marine Engineering N.V., a Belgian hydraulic engineering, dredging and offshore contractor.

Chuan Hup's finance director, Lim Kwee Siah, said, "This sale is in keeping with our Group's continuing efforts to focus on our core competencies as a marine transportation service provider. As such, we are divest- ing our non-core businesses whenever favorable opportunities arise to enhance shareholder value."

Excluding the Group's chairman, Dr. Tan Cheng

Bock and managing director, Peh Kwee Chim, who are non-executive directors of DIAP, no director or substantial shareholder of Chuan Hup has any interest in the transaction.

FGH Announces $10M in New Contracts

FGH Engineered Products Group, the equipment segment of Friede Goldman Halter, Inc., announced that its AmClyde unit has signed new contracts total- ing more than $10 million with several customers in the international offshore oil and gas sector.

AmClyde will provide engineering and services to

Saipem (ENI Group) of Italy as it relocates a 2,400-ton

AmClyde crane to a new vessel. AmClyde also has a contract from Horizon Offshore Contractors to upgrade the lifting capacity on their existing AmClyde

Model 52 marine crane by more than 50 percent.

In other developments, AmClyde was awarded a contract from CNOOC (China National Offshore Oil

Corporation) to provide aftermarket support services for their new 3,800-ton AmClyde marine crane.

The company will seek court approval to perform on the CNOOC aftermarket services contract. AmClyde-

Norson Engineering, the company's pipelay and cable lay equipment specialist of Glasgow, Scotland, received a contract from AIOC (Azerbaijan Interna- tional Operating Company) to provide a template lev- eling system.

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Aker Finnyards Close To Delivering $15M Cruise Ferry

Aker Finnyards is building for the Estonian Hansatee

Group, trading as Tallink. a cruise ferry for the Gulf of

Finland traffic. On December 14, 2001. the vessel's valves were opened enabling it to float in the yard's graving dock. Before being launched, the cruise ferry was christened as Romanika by Nele Helen Pant, who is the daughter of Eve Pant, Hansatee Supervisory

Board Member. The vessel, which is to be delivered in

May 2002 will be Estonia's biggest cruise ferry, and is expected to open a new era in the Baltic Sea passenger traffic. With seating capacity for 3,160 in the restau- rants and lobbies, along with the 727 cabins including 2,178 beds, the interiors will be of cruise liner stan- dard. The vessel has a length of 652 ft. (198.7 m), a beam of 95 ft. (28.9 m) and gross tonnage of 40,000.

Propulsion by four diesel engines totaling 26,240 kW will provide a service speed of 22 knots.

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NASSCO Awarded $5.1M Contract

National Steel and Shipbuilding Company (NASS-

CO), has received a contract valued at $5.1 million, with options up to $20.2 million, for the six-month extended dry-docking and maintenance availability of

USS Antietam (CG-54), a Ticonderoga-class Aegis guided missile cruiser homeported in San Diego.

The initial award provides funds to begin advance planning for the Antietam maintenance, repair and alteration work package.

Actual work on the ship will begin in March 2002 and is to be completed by September 2002. Major work items include the drydocking, plus alterations to convert the ship to all-electric auxiliaries and to install the Navy's Smart Ship electronic control and automa- tion systems. This is the second complex refurbish- ment of an Aegis guided missile cruiser performed by

NASSCO and the third installation of the Smart Ship systems equipment. The company completed a $30- million extended maintenance, repair and alteration availability on USS Mobile Bay (CG-53) in June 2001 and has previously installed Smart Ship on USS Valley

Forge (CG-50).

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ACBL and MBLX Create BargeLink

American Commercial Barge Line Company (ACBL) and MBLX, Inc. have formed BargeLink, a joint ven- ture company providing river barge logistics, barge brokering, electronic rate requests and tracking services for full barge load cargoes. Based in the New Orleans, La. offices of MBLX, BargeLink supplies a broad range of barge-related services, including ocean transportation, customs clearance, discharge of vessels, unloading of barges, warehousing, distribution, and truck/rail deliveries.

The joint venture offers domestic and international shippers the combination of MBLX's logistics expertise and advanced web-based tracking systems with the unmatched coverage offered by ACBL's extensive invento- ry of boats, barges and fleeting services. With these combined strengths, BargeLink can design and implement the best conventional or customized transportation packages to maximize a customer's shipping opportunities.

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IN THE UNITED STATES BANKRUPTCY COURT

FOR THE SOUTHERN DISTRICT OF MISSISSIPPI (Southern Division)

I \ KI ' Jointly Administered L'nder

CASE NO. 01-52173 (SEG)

FRIEDE COl.DMAN HALTER, INC. CASE NO. 0152173 (SEG)

FRIEDE GOLDMAN DELA WARE, INC. 01-52064 (SEG)

FRIEDE & GOLDMAN. LTD. 01-52175 (SEG)

BRISSONNEAU & LOTZ MARINE USA, INC. 01-52176 (SEG)

FRIEDE GOLDMAN OFFSHORE, INC. 01-52177 (SEG)

WORLD RIG LEASING COMPANY 01-52178 (SEG)

HALTER MARINE. INC. 01-52179 (SEG)

GULF COAST FABRICATION, INC. 01-521 SO (SEG)

HALTER MARINE GULFPORT, INC. (11-52181 (SEG)

HALTER MARINE SERVICES, INC. 01-52182 (SEG)

HALTER MARINE, INC. 01-52183 (SEG)

HALTER MARINE PASCAGOLLA. INC. 01-52184 (SEG)

FRIEDE GOLDMAN HALTER ENGINEERED

PRODUCTS GROUP, INC. 01-52185 (SEG)

UTILITY STEEL FABRICATION, INC. 01-52186 (SEC.)

FRITZ CULVER. INC. 01-52187 (SEG)

AMCLYDE ENGINEERED PRODUCTS

COMPANY, INC. 01-52188 (SEG)

AMCANE COMPANY 01-52189 (SEG)

MARITIME HOLDINGS, INC. 01-52190 (SEG)

TDI-ORANGE, L.L.C. 01-52191 (SEG)

TD1-HALTER, L.L.C. 01-52192 (SEG)

FRIEDE GOLDMAN OFFSHORE TEXAS

LIMITED PARTNERSHIP 01-52193 (SEG)

TDI-ORANGE LIMITED PARTNERSHIP 01-52194 (SEG)

BLUDWORTH BOND HOLDING. INC. 01-52195 (SEG)

BLUDWORTH BOND LIMITEDPARTNERSHIP 01-52196 (SEG)

BLUDWORTH BOND L.L.C. 01-52197 (SEG)

GRETNA MACHINE & IRON W ORKS L.L.C. 01-52198 (SEG)

HALTER GULF REPAIR. INC. 01-52199 (SEG)

EQUITABLE SHIPY ARDS, L.L.C. 01-52200 (SEG)

HALTER MARINE PANAMA CITY, INC. 01-52201 (SEG)

HALTER YACHTS, INC. 01-52202 (SEG)

MARINE CLEANING, L.L.C. 01-52203 (SEG)

AMCANE INTERNATIONAL, INC. 01-53003 (SEG)

SABRE PERSONNEL ASSOCI ATES, INC. 01-53004 (SEG)

HALTER-C ALCAS1EU, L.L.C. 01-53005 (SEG)

NOTICE OF DEADLINE FOR FILING PROOFS OF CLAIM

AGAINST FRIEDE GOLDMAN HALTER, INC. AND THE ABOVE

LISTED JOINTLY ADMINISTERED DEBTORS

TO \LL CREDITORS AND EQUITY INTEREST HOLDERS OF FRIEDE

GOLDMAN HALTER, INC. AND THE ABOVE-LISTED JOINTLY ADMIN-

ISTERED DEBTORS:

PLEASE TAKE NOTICE that the Court has set a deadline for filing proofs of claim of February 28. 2002 at 4:00 p.m.. Centra] Standard time (the "Bar Date") in the Debtors'cases. IF YOU ARE REQUIRED TO FILE A PROOF OF CLAIM

BUT DO NOT DO SO IN THE MANNER AND BEFORE Till TIME PRE-

SCRIBED. THE BANKRUPTCY COURT MAY, UPON MOTION OF THE

DEBTORS, DISALLOW YOUR CLAIM(S) AS AGAINST I III- DEBTOR(S)

ESTATE(S). IF Till BANKRUPTCY COURT DISALLOWS YOUR

CLAIM(S) AGAINST I 111 DEBTOR(S) ESTATE(S), YOU W 11.1. NOT BE

ENTITLED TO RECEIVE DISTRIBUTION FROM THE DEBTOR(S) BANK-

RUPTCY ESTATE(S) ON ACCOUNT THEREOF.

I Who Must File:

You must file a proof of claim by the Bar Date if you have: A CLAIM AS DE-

FINED IN SECTION 101(4) OFTHE BANKRUPTCY CODE AGAINST ONE

OR MORE OF THE DEBTORS ARISING BEFORE April 20. 2001. or (a) in the case of Friede Goldman Halter. Inc., April 19. 2001; (b) in the case of Friede

Goldman Delaware, Inc., April 16. 2001; and (c) in the cases of Amcane Inter- national. Inc.. Sabre Personnel Associates, Inc. and Halter-C'alcasieu, L.L.C.,

June I. 2001, the respective dates of the Debtors' chapter 11 tilings. II your claim was not listed on the Debtors' schedules of liabilities filed in the chapter

II cases or was listed therein as an unliquidated, contingent or disputed liabil- ity, vou must file a proof of claim. HOWEVER, IE you have a claim of the type described in Sections 502(g). (h). or (i) of the Bankruptcy Code, the deadline for filing your proof of such claim is the later of (a) the Bar Date; or (b) 30 days after occurrence of the event IT. ing rise to such claim (re^. entry of the order authorizing rejection of an executory contract or of a judgment granting to the Debtor's estate the recovery of money or propertv or avoiding the transfer of an interest, or the accrual of a tax claim of the type'described in Section 502(i) of the Bankruptcy

Code). A creditor who desires to rely on the Debtors' schedules of creditors has the responsibility for determining that the claim is scheduled accurately. 2. Who Need Not File:

You need not file a proof of claim or a proof of equity interest if you have only: AN

EQUITY INTEREST IN FRIEDE GOLDMAN HALTER, INC. ("FGH''). The

Court will separately set a record date for establishing the holders of equity interests in FGH for purposes of \oting, if necessary, on the Debtors' plan of reorganization. As used herein, "equity interest" means any share of common stock or other instrument evidencing an ownership interest in FGH, whether or not trans- ferable. and any option, warrant or right, contractual or otherwise, to acquire any such interest. 3. When and Where to File:

The deadline established tor tiling a proof of claim is 4:00 p.m. Central Stan- dard time on February 28, 2002. A proof of claim should be filed at the following address:

IF BY HAND OR OVERNIGHT DELIVERY TO: IF BY M AIL TO:

FRIEDE <.,( UDMAN HALTER

CLAIMS PROCESSING c o Poorman-Douglas Corporation

P.O. BOX 4301)

Portland, Oregon 07208-4300

FRIEDE GOLDMAN HALTER

CLAIMS PROCESSING c o Poorman-Douglas Corporation 10300 SW Allen Boulevard

Beaverton. Oregon 97005 4. What to File:

PLEASE USE THE FORM ATTACHED TO THIS NOTICE OR A PROOF OF

CLAIM FORM CONFORMING SUBSTANTIALLY' TO OFFICIAL BANK-

RUPTCY FORM Nt). 10. YOU SHOULD ATTACH TO THE CLAIM FORM

COPIES OF SUPPORTING DOCUMENTS. 5. Duplicate Notices:

You may inadvertently receive multiple copies of this notice together with the form

Proof ol" Claim. Only one Proof of Claim should be tiled for each claim asserted.

Multiple proofs should not be filed documenting the same claim. If you have al- ready filed a proof of claim in these cases, you do not need to file another one.

Dated tills 14 day of December, 2001

FRIED! GOLDMAN HALTER. INt . et al.

Bv 1 heir Attornevs

ANDREWS & KURTH, MAYOR. DAY, CALDWELL & KEETON. L.L.P.

B> s Douglas G- Walter

Douglas G. Walter

OF COUNSEL:

HUGH RAY (Texas Bar #16611000)

JOHN J. SPARAC'INO l Texas Bar #18873700)

DOUGLAS G. WALTER (New York Bar#DW5817)

ANDREWS & KURTH.

MAYOR. DAY, CALDWELL &

KEE ft>N. L.L.P. 600 Travis, Suite 4200

Houston. Texas 77002

Telephone: (713)220-4200

Telecopy: (713)220-4285

Attorneys for the Debtors

JOHN G. CORLEW (MSB #6526)

J. FRED SPENCER. JR. (MSB #7736)

WATKINS & EAGER PLLC

Suite 300, 400 East Capitol Street (39201)

Post Office Box 650(39205)

Jackson. Mississippi

Telephone: (601 >948-6470

Attornevs for the Debtors

January, 2002 9