www.port-technology.com Pressreleases

'General Maritime Corporation, Genco Shipping & Trading Limited and Aegean Marine Petroleum Network Inc. to Host Investor and Analyst Event'

2008-07-03T16:24:40Z

General Maritime Corporation (NYSE: GMR), Genco Shipping & Trading Limited (NYSE: GNK) and Aegean Marine Petroleum Network Inc. (NYSE: ANW) announced today that they will host a joint investor and analyst meeting on Tuesday, January 27, 2009 in New York. General Maritime's senior management team is scheduled to present at 10:45 a.m. ET, Genco's senior management team is scheduled to present at 11:30 a.m. ET and Aegean's senior management team is scheduled to present at 12:30 p.m. ET.

All three company presentations will be broadcast live over the Internet. The webcast and accompanying slide presentation for General Maritime, Genco and Aegean will be available in the Investor Relations section of each company's website at www.generalmaritimecorp.com, www.gencoshipping.com and www.ampni.com, respectively.

About General Maritime Corporation

General Maritime Corporation is a leading crude and products tanker company serving principally within the Atlantic basin, which includes ports in the Caribbean, South and Central America, the United States, West Africa, the Mediterranean, Europe and the North Sea. General Maritime also currently operates tankers in other regions including the Black Sea and Far East. General Maritime owns a fully double-hull fleet of 31 tankers -- two V-MAX, twelve Aframax, eleven Suezmax tankers, two Panamax and four Product tankers -- with a total carrying capacity of approximately 4.0 million dwt.

About Genco Shipping & Trading Limited

Genco Shipping & Trading Limited transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. Genco Shipping & Trading Limited currently owns a fleet of 32 drybulk vessels consisting of six Capesize, eight Panamax, four Supramax, six Handymax and eight Handysize vessels, with an aggregate carrying capacity of approximately 2,396,000 dwt. After the expected delivery of three vessels the Company has agreed to acquire, Genco Shipping & Trading Limited will own a fleet of 35 drybulk vessels, consisting of nine Capesize, eight Panamax, four Supramax, six Handymax and eight Handysize vessels, with an aggregate carrying capacity of approximately 2,908,000 dwt.

About Aegean Marine Petroleum Network Inc.

Aegean Marine Petroleum Network Inc. is an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea. The Company procures product from various sources (such as refineries, oil producers, and traders) and resells it to a diverse group of customers across all major commercial shipping sectors and leading cruise lines. Currently, Aegean has a global presence in 13 markets, including Vancouver, Montreal, Mexico, Jamaica, West Africa, Gibraltar, U.K., Northern Europe, Greece, the United Arab Emirates as well as Singapore, and plans to commence operations in Tangiers, Morocco and Trinidad and Tobago.

'Jeppesen Marine Wins Practical Sailor 2009 Editors' Choice Award'

2008-07-03T16:24:40Z

'Jeppesen Marine, the navigation experts, announced today it was recently honored by Practical Sailor magazine, receiving the publication’s coveted 2009 Editors’ Choice Award. The editors of this subscription-only marine product review publication singled out Jeppesen Marine for the easy, affordable ways boaters can update their C-Map MAX and MAX Pro electronic charts.

“We’re very pleased to receive this recognition from an impartial, product test oriented publication such as Practical Sailor,” said Michelle Buckalew, senior marketing manager, Jeppesen Marine. “Enabling recreational boaters to navigate with the most accurate and up-to-date electronic charts possible is always a top priority for our company. This award validates our long-standing commitment to enhancing the boating experience and improving safety on the water,” Buckalew added.

Jeppesen Marine and other marine product award winners were highlighted in a “Gear of the Year” feature article published in the December 2008 issue of Practical Sailor. In this article, the editors singled out Jeppesen Marine among the industry’s cartography providers for offering “user friendly, affordable updates for its C-Map MAX and MAX Pro cartography.” The published article also noted “the ability to update MAX Pro on a real-time basis via the Internet is the most advanced system going.”

The “Gear of the Year” article, as well as the original digital chart comparison published in the April 2008 Practical Sailor, also focused on Jeppesen Marine’s exclusive Club Jeppesen Marine owner’s club. For low annual club dues of $89 (less than the cost of a single update), members receive an automatic update of a selected chart sent directly to them, plus a host of other benefits including special chart trading programs, rental programs, discounts and other advantages for boaters.

Jeppesen Marine’s C-Map MAX and MAX Pro electronic charts are compatible with the widest range of GPS/chart plotters, from basic navigators to fully integrated glass bridge solutions. Leading marine electronics manufacturers — Furuno, Hondex, Interphase, Navis, Northstar, Simrad, SI-TEX and Standard Horizon engineer navigation systems for award-winning Jeppesen Marine cartography.

Media Contact:
Linda McAndrews
(508) 539-4359
'

'Another DSME drilling riser contract to Aker Solutions'

2008-07-03T16:24:40Z

Aker Solutions has been awarded another contract for delivery of a deepwater drilling riser system to Daewoo Shipbuilding & Marine Engineering (DSME). Contract value is approximately USD 35 million.

The contract is for the delivery of a complete deepwater marine drilling riser system with buoyancy package and associated equipment. The 7 500 ft system will be used for a semi submersible drilling rig that DSME is building.

This is the fourth deepwater drilling riser contract DSME has awarded Aker Solutions this year.

"We are offering a technology that focuses on safe operations and offers significant time savings when connecting the riser joints. This results in significant reduction in costs from both reduced manpower and rig operations. We are pleased that DSME and their end clients see the benefits of this technological solution," says Svein Haug, senior vice president Umbilical & Riser, Aker Solutions.

The marine drilling riser system will be manufactured and delivered out of Aker Solutions' high tech manufacturing centre in Malaysia. Buoyancy modules will be manufactured at the same centre's recently opened buoyancy production unit, by Aker Solutions subsidiary Phoenix Polymers International Ltd.

Delivery of the drilling riser systems is scheduled for 2011. Contract party is Aker Solutions Malaysia Sdn. Bhd.

ENDS

For further information, please contact:
Media:
Endre Johansen, communications manager, Aker Solutions. Tel: +47 22 94 58 91, Mob: +47 416 10 605, E-mail: endre.johansen@akersolutions.com

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions' business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities.

Aker Solutions' parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 58 billion and employs approximately 24 000 people in about 30 countries.

Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine resource industries. The Aker companies share a common set of values and a long tradition of industrial innovation. As an industrial owner controlling 40.27 percent of the shares in Aker Solutions through Aker Holding AS, Aker ASA takes an active role in the development of Aker Solutions.

This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.

'ArcelorMittal acquires Brazilian iron ore miner, London Mining Brasil and acquires Brazilian port facility through partnership with Adriana Resources Inc.'

2008-07-03T16:24:40Z

ArcelorMittal, the world's leading steel company, today announces that it has agreed to acquire 100% of the issued share capital of London Mining South America Limited ("London Mining Brasil") from Oslo listed London Mining plc ("London Mining") for approximately US$764 million. The transaction also includes the assignment of inter-group loans from London Mining of approximately US$46 million. The total consideration payable to London Mining will amount to approximately US$810 million.

London Mining Brasil is an iron ore miner located in the Iron Quadrangle in the state of Minas Gerais approximately 65 kilometres from the city of Belo Horizonte, Brazil. Its principal activities are focused on the exploration, development and production of iron ore resources in the region.

London Mining Brasil's Central, Eastern and Western Claims contain an estimated 1,059 million tonnes of measured, indicated and inferred iron ore resources. The iron ore from the London Mining Brasil mine has an average Fe grade of 38.0% and contained Fe of 402.6 million tonnes under Brazilian Reporting Standards.

London Mining Brasil is currently in the process of expanding its production of iron ore concentrate and lump ore from 1.4Mtpa to 3.2Mtpa in 2009 due to the operation of a recently commissioned sinter feed plant. Subject to further technical analyses, ArcelorMittal will consider investing up to US$700 million to increase production in the medium term to in excess of 10Mtpa.

ArcelorMittal has also reached an agreement (subject to contract) with Canadian based Adriana Resources Inc. ("Adriana") for the development of an iron ore port facility in the State of Rio de Janeiro, Brazil (the "Port"). The Port is located in the Third District of the City of Mangaratiba and will be constructed on land acquired by Adriana in January 2008. ArcelorMittal intends to use its share of the port's capacity to export iron ore from the London Mining Brasil mine to its steel facilities in the Atlantic basin.

ArcelorMittal's agreement with Adriana includes the following elements:

• Through a series of transactions, ArcelorMittal will acquire 80% of the Port for total consideration of approximately US$40.5 million with Adriana holding the remaining 20%;
• ArcelorMittal has agreed to acquire up to 19.9% of Adriana's common shares in two private placements and will also be granted a seat on Adriana's Board of Directors;
• The parties will each fund their pro rata portion of the Port development costs estimated to total approximately US$250 million for the first 10Mtpa of capacity; and
• The parties will share in the capacity of the Port in proportion to their ownership.

Commenting, Aditya Mittal, Chief Financial Officer and Member of ArcelorMittal's Group Management Board said:

"This is another important investment in the dynamic Brazilian market. The acquisition of London Mining Brasil along with our investment in MPP - Mineração Pirâmide Participações Ltda ensures that our iron ore base is further diversified in the face of tighter supply for raw materials. In addition, the planned port facility at Sepetiba Bay in Brazil is the ideal captive solution to deliver access to the export market for ore from the Iron Quadrangle region."

The above transactions are subject to receipt of the necessary approvals.

Notes to Editors

The Port site sits on a 771,818m2 parcel of land approximately 70 kilometres west of Rio de Janeiro in Sepetiba Bay on the coast of Brazil. The purchase of the adjacent Lot 3 comprising 85,757m2 is expected to be completed during the third or fourth quarter of 2008. The Port site has direct access to an extensive railway and transportation network. Permitting is underway and the site received Terms of Reference for environmental requirements on 28 May, 2008. Construction of the port facility is expected to commence as early as Q4 of 2008 and will take an expected 18-24 months to complete. It is expected that the Port will initially operate at a transshipment capacity of 5 to 10Mtpa.
RBC Capital Markets acted as the exclusive financial adviser to ArcelorMittal in respect of both transactions.

About ArcelorMittal

ArcelorMittal is the world's leading steel company, with over 320,000 employees in more than 60 countries.

ArcelorMittal is the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in over 20 countries spanning four continents, the Company covers all of the key steel markets, from emerging to mature.

Through its core values of sustainability, quality and leadership, ArcelorMittal commits to operating in a responsible way with respect to the health, safety and wellbeing of its employees, contractors and the communities in which it operates. It is also committed to the sustainable management of the environment and of finite resources. ArcelorMittal recognises that it has a significant responsibility to tackle the global climate change challenge: it takes a leading role in the industry's efforts to develop breakthrough steelmaking technologies and is actively researching and developing steel-based technologies and solutions that contribute to combat climate change.

In 2007 ArcelorMittal had revenues of USD 105.2 billion and crude steel production of 116 million tonnes, representing around 10 per cent of world steel output.

ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris ( MTP), Brussels (MTBL), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

For more information about ArcelorMittal visit: www.arcelormittal.com

'DP WORLD AWARDS £400 MILLION CONTAINER PORT BUILD CONTRACT'

2008-07-03T16:24:40Z

DP World today signs a £400 million contract to build the first phase of a new port at London Gateway, the most technically advanced container port in the world, integrated with Europe’s largest logistics park. This is the first major contract to be awarded in the £1.5 billion project, due to be built over the next 10 to 15 years. The contract is over five years, and will see the construction of the first phase of the port’s quay providing three berths and over 1.2 kilometres of quay in a joint venture between Laing O’Rourke and Dredging International. The new port will eventually handle 3.5milion TEU (twenty foot equivalent units), providing a much needed increase in capacity for the UK’s container terminals.

The South Essex project is currently set to be the largest creator of new jobs in the UK, delivering over 12,000 in the coming years, and is the largest investment in the South East of England.

Chief Executive of London Gateway, Simon Moore, said: “This contract is a major milestone
in constructing the port. In an economic climate where the building industry is experiencing a sharp slow down, this is great news for Essex and the UK in general.

“London Gateway is vitally important for today’s UK economy. It will deliver the most efficient and technologically advanced port in the world and much needed deep sea capacity for the UK.”

London Gateway is the UK’s first deep sea container port for over 25 years and will change the way millions of consumer goods are transported around the country. By integrating the new container port with a logistics park, many everyday goods will be sent to the nation’s shops without having to be hauled on a truck to a distribution centre often situated inland hundreds of miles away from a container port. Instead, goods will go straight into London Gateway’s own logistics park to be sorted and then sent direct to shops.

By reducing the need for the goods to travel inland, the project will save 2,000 trucks from the UK’s highways every day, trucks which normally travel from a port and then return with an empty container to be put back onto a ship. DP World estimates that by cutting out this inefficient part of the logistics process, London Gateway will take 52 million truck miles off the UK’s highways every year, reducing congestion, saving time, fuel and curbing carbon emissions.

Using new technology, London Gateway will aim to move fifty percent more containers per hour on and off ships than is currently being achieved in the UK. Containers will be transferred automatically from the quay into a fully automated storage area. This efficiency increase will allow the world’s shipping lines to save valuable time and money. The new port will also offer other benefits such as being more sustainable, creating less light pollution and less noise for the surrounding areas.

Dredging the Thames will be carried out to enable the world’s largest ships to access the port. The dredging work will allow many other users of the River Thames to benefit by allowing increased access closer to London.

Commenting on the contract award, Mr Moore added: “We needed to find the right combination of construction company and dredging specialist – those that have top-quality experience and a world class reputation – to meet all our requirements. We believe we have found them in Laing O’Rourke and Dredging International.”

Laing O’Rourke Chief Operating Officer Tony Douglas said: “We are delighted to have won the tender to help deliver such a hugely important injection of confidence into the UK economy. We look forward to working closely with DP World in ensuring, together, we create a world-class facility of which we can all be proud.”

Dredging International’s CEO, Mr. Alain Bernard, said: “We are honoured and proud to be given this opportunity to participate in this major infrastructure project that will give a substantial and long term boost to the UK economy. Dredging International’s team will deploy the latest equipment to ensure all aspects of the dredge are carried out to meet the UK’s guidelines.”

Construction work will begin later this year at the 1,500 acre site, just 25 miles from central London on the former Shell Haven oil refinery at Stanford-le-Hope near Thurrock, South Essex. The logistics park, which will offer 9.5million square feet, is due to open in the latter half of 2010, with the first ships arriving in early 2011.

About DP World

DP World is one of the largest marine terminal operators in the world, with 45 terminals and 13 new developments across 29 countries (1). Its dedicated, experienced and professional team of nearly 30,000 people serves customers in some of the most dynamic economies in the world.

DP World aims to enhance customers’ supply chain efficiency by effectively managing container, bulk and other terminal cargo. The company constantly invests in terminal infrastructure, facilities and people, working closely with customers and business partners to provide quality services today and tomorrow, when and where customers need them.

In 2007, DP World handled more than 43.3 million TEU (twenty-foot equivalent container units) across its portfolio from the Americas to Asia – an increase of 18% on 2006. It has global capacity of more than 54 million TEU, which is set to increase significantly in coming years with a committed pipeline of expansion and development projects in key growth markets, including India, China and the Middle East. Capacity will rise to around 90 million TEU by 2017. www.dpworld.com

For further information on London Gateway contact: Philippa Green at Mosaic Publicity on 01206 548100 philippa@mosaicpublicity.co.uk

About Laing O’Rourke:

Laing O’Rourke is the UK’s largest privately-owned construction company, operating across Europe, the Middle East, Asia and Australasia. Through a 31,000-strong directly employed labour force, the Group delivers some of the most challenging construction projects in the world, including Heathrow Terminal 5, the Channel Tunnel Rail Link (St Pancras) and Al Raha Beach, Abu Dhabi. Laing O’Rourke is a member of the CLM consortium, charged with programme management for the London 2012 Olympic and Paralympic Games. www.laingorourke.com

To arrange an interview with Laing O’Rourke COO Tony Douglas contact Tony Maguire (+44 771 532 2913)

For further information on Laing O’Rourke please contact: Madano Partnership 0207 593 4000 or Tony Maguire/Jeremy de Souza (Laing O’Rourke) on 01322 296200

About Dredging International:

Dredging International is one of the operating companies of Belgium-based DEME-Group, a world leader in dredging, hydraulic engineering and environmental projects. Staff and crew at DEME amount to 3.500, working on the five continents. In 2007 DEME realised a turnover of 1,31 billion Euro and an operational cash-flow (EBITDA) of 259,4 million Euro. With 80 major dredges and some 200 auxiliary vessels, the group operates one of the most modern, performing and versatile fleets in the world. As a group of specialised companies, DEME has
the capability to offer and execute global solutions for its clients. The corporate tagline "Creating Land for the Future" stresses the orientation towards the future and the sustainable way of doing business at DEME.

For further information on Dredging International and/or the DEME Group, please contact
Hubert Fiers, Communications Manager at DEME HQ Belgium +32.475.29.08.29 www.londongateway.com

'Port of Felixstowe Invests in New Equipment'

2008-07-03T16:24:40Z

The Port of Felixstowe’s new state-of-the-art empty container handling fleet is up and running following completion of its commissioning period.

The new fleet comprises 12 Empty Container Handlers, four Toplift Machines and one Reachstacker, all manufactured by Kalmar Industries of Sweden.

Chris Lewis, Chief Executive Officer of Hutchison Ports (UK) Limited, which owns the Port of Felixstowe, commented:

“The industry is constantly evolving, requiring greater productivity and efficiency than ever before. This new equipment will further secure the Port of Felixstowe’s position at the top of the field and provide our customers with the most proficient empty-handling service, driven by the latest technology.”

The equipment was transported from the main factory in Lidhult, Sweden, with final assembly and engineering completed upon arrival at the Port of Felixstowe by Kalmar engineers. Following staff training and familiarisation, the vehicles were thoroughly tested before being declared fit for service.

The new vehicles are equipped with Volvo TAD760VE engines and are able to stack five 9`6” containers high, with a total weight lift capacity of nine tonnes. These features will allow for faster turnaround times and greater manoeuvrability of containers around the Port.

Two further empty container handlers are also due for delivery at the beginning of September.

ENDS

Note to Editors:

For further information please contact Rachael Jackson, Public Relations Manager, on Tel. No: +44 (0)1394 604167, Fax No: +44 (0)1394 604943 or E-mail: jacksonr@hpuk.co.uk www.portoffelixstowe.co.uk

Port of Felixstowe (PFL) is the largest container port in the UK, and one of the largest in Europe. PFL is a member of the Hutchison Port Holdings (HPH) Group, a subsidiary of the multinational conglomerate Hutchison Whampoa Limited (HWL). HPH is the world's leading port investor, developer and operator with interests in a total of 47 ports, spanning 24 countries throughout Asia, the Middle East, Africa, Europe, the Americas and Australasia. HPH also owns a number of transportation-related service companies.

'The Port of Corpus Christi enters into a Memorandum of Understanding with Saint-Gobain Norpro to establish a dedicated shipping service to Venezuela.'

2008-07-03T16:24:40Z

For more information contact:
John Valls, Marketing Manager
Port of Corpus Christi Authority
Office: 361.885.6158
Cell: 361.779.5646

The Port of Corpus Christi commission yesterday approved entering into a Memorandum of Understanding with Saint-Gobain Norpro (“Saint Gobain”) to establish a dedicated monthly shipping service between the Port of Corpus Christi and Venezuela. The service would call on the Port of Corpus Christi once a month and bring in approximately 5,000 tons of super sacked cargo north bound. St. Gobain will utilize 50% of the number nine warehouse (approximately 50,000 square feet) and the vessel will berth at the north side general cargo docks. The super sacked cargo will consist of Ceramic Proppants, which will be distributed by truck on a monthly basis throughout Texas.

“We are very pleased to establish this new two-way service to Latin America which is the result of a prior trade mission to Venezuela and our diligent efforts over the years to promote the concept of such a service,” said Ruben Bonilla, Chairman of The Port of Corpus Christi.

Southbound cargo would consist of break bulk, bulk and project cargo. Southbound port’s of call in Venezuela would include Puerto Cabello, Guanta, and Puerto Ordaz on the Orinoco River. Puerto Ordaz is one of the main ports on the Orinoco River and is located approximately 170 nautical miles inland from the sea. Puerto Ordaz is strategically placed to provide direct transportation service to Matanzas, Ciudad Guyana, Ciudad Boilvar as well as other industrial areas in the country’s southeast corridor. The Guyana region has one of the best road networks in Venezuela to include bridges and recently constructed 4 and 6 lane highways connecting Puerto Ordaz with the Matanzas Industrial Zone and
all neighboring cities.

SCM Lines is the vessel operator that will provide the service, which has a fleet of three self-geared multipurpose vessels. The vessels average 350 feet in length; have a beam of 60 feet and deep draft of 25 feet. For more information please visit: www.portofcorpuschristi.com

###

'Moffatt & Nichol Completes Design for Cabrillo Way Marina'

2008-07-03T16:24:40Z

Moffatt & Nichol announced today that it has completed the design for Cabrillo Way Marina in San Pedro, CA, for the Port of Los Angeles (POLA). The goal of the project is to provide a vibrant village atmosphere for recreational marine and boating activities that brings together tourists, boaters, local and regional residents as well as to increase opportunities for area businesses.

The project design reflects the latest in green technologies with minimal impact on the environment and supports POLAs Clean Marina initiative.

Unique aspects of this design called for dredging and landfill to re-shape the basin to create a more efficient layout and an increase in slips. The new marina, will have 700 wet slips, including 10 slips to accommodate vessels 100 feet and above.

The new concrete floating docks will have state-of-the-art facilities including power, water and communication connections for phone, e-mail and cable television. The electrical power supply is designed to meet the demands of larger craft and sewage disposal facilities will be provided at designated docks.

At the south end of the facility, 400 dry berth spaces will be created to accommodate smaller, sail and power boats. Four cranes will be installed for boat launch and haul-out.

The design of the shore facilities included a 4,000 foot granite inlayed promenade, grading, security, utilities, signage, site furnishings and building pads. The design also called for access roads to be installed to service the marina and future outer harbor development. Site plans allow for more than 1,400 parking spaces.

'ICRC Continues Work on Port of Anchorage Intermodal Expansion Project '

2008-07-03T16:24:40Z

New Maritime Administration Contract Extends ICRC Work Through 2015

Integrated Concepts and Research Corporation (ICRC), a wholly owned subsidiary of VSE Corporation (NasdaqGM:VSEC), announced a recent contract award from the U.S. Department of Transportation Maritime Administration to continue program management services on the Port of Anchorage Intermodal Expansion Project through scheduled completion in 2015. As one of the nation’s strategic ports, the Port of Anchorage Intermodal Expansion Project has been identified as a project of national significance within the Department of Transportation and is one of the largest single construction projects undertaken in Anchorage, AK.

The Port of Anchorage serves 80% of the State of Alaska’s population and supplies 90% of Alaska’s consumer goods, including distribution to Anchorage and the surrounding communities, the North Slope, the Kenai Peninsula, the Aleutian chain, and bush communities.

The Port expansion project is a major infrastructure development effort with a projected budget in excess of $700 million. The project, which was begun in 2003, will double the size of the Port’s real estate; provide state-of-the-art container cranes, a new rail connection to the Alaskan Railroad, and new road access; and facilitate direct access for the Stryker Brigade as well as other military deployments.

Under the contract, ICRC is responsible for all program management and purchasing activities required to complete the design and construction of the Port’s redevelopment. ICRC services include land use planning and platting, design and design management, construction and construction management, environmental management and permitting, project controls, public outreach, stakeholder relations, health and safety compliance, information technology, QA/QC oversight, and commissioning.

ICRC has a strong track record in program management services and has provided these services to the Maritime Administration at the Port of Anchorage for over four years. Since 2003 ICRC is managing the development of 152 acres of new real estate with a new 7,700 foot bulkhead, resulting in nine dedicated berths for industrial commercial use and support for rapid military deployment from Alaska’s bases. Additionally, the company has provided a wide range of design, reconfiguration, and reconstruction of backlands operations, as well as the development of an intermodal rail yard to facilitate a train-sea shipping interchange.

“We are excited about the opportunity to extend our program management services for the Maritime Administration and the Port of Anchorage,” said ICRC President Carl Williams. “This is an important project that will improve the lives of all Alaskans.”
VSE CEO Mo Gauthier said, “This new contract represents a major milestone in establishing VSE in a market driven by the national need to improve and expand our transportation infrastructure.”

ICRC is a diversified technical and management services company serving the government market. The company’s core expertise lies in engineering and transportation infrastructure, information technology, advanced vehicle technology, and aerospace engineering. ICRC combines industry expertise with a strong track record in project management, research, testing, analysis, purchasing and implementation. The company’s corporate office is located in Alexandria, VA, and it also maintains offices in Chantilly, VA; Sterling Heights, MI; Huntsville, AL; and Anchorage, AK. For more information about ICRC’s services and products, please see ICRC’s web site at www.ICRCsolutions.com or contact Corporate Vice President Kevin Mulrenin at (586) 799-1795.

Established in 1959, VSE is a diversified professional services company providing engineering and consulting services, systems integration, infrastructure support, and information technology management and solutions, principally to agencies of the United States Government and other government prime contractors at locations across the United States and around the world. For more information on VSE services and products, please see the Company’s web site at www.vsecorp.com or contact Len Goldstein, Director of Business and New Product Development at (703) 317-5202.

Safe Harbor

This news release contains statements which, to the extent they are not recitations of historical fact, constitute “forward looking statements” under federal securities laws. All such statements are intended to be subject to the safe harbor protection provided by applicable securities laws. For discussions identifying some important factors that could cause actual VSE results to differ materially from those anticipated in the forward looking statements in this news release, see VSE’s public filings with the Securities and Exchange Commission.

Contacts
VSE Corporation
Craig Weber, 703-329-4770

'Port of Felixstowe Takes Delivery of More New Cranes'

2008-07-03T16:24:40Z

Just three weeks after commissioning its latest ship-to-shore gantry cranes the Port of Felixstowe has taken delivery of two new cranes at its Trinity Terminal.

The two brand-new, ultra post-Panamax ship-to-shore gantry cranes are amongst the largest in the world and have the ability to extend over 22 containers across. With twin-lift capability and heavy lift capacity of 85 tonnes, they take the total number of quayside cranes serving the Port to 31.

Chris Lewis, Chief Executive Officer of Hutchison Ports (UK) Limited, which owns the Port of Felixstowe, commented:

“The recent additions to the Trinity fleet are already having an impact upon our operations at Felixstowe and are providing us with the capability to further enhance our customer services. These latest cranes are further evidence of our willingness to continue to invest, and will ensure we are in the best possible position to meet the needs of our customers. Crucially, they will improve the service we are able to offer to the ever growing number of ultra-large container ships calling at Felixstowe.”

He added:

“This delivery follows the recent delivery of a new rail-mounted gantry crane for the Port’s Southern Rail Terminal. Together with the extension of the terminal, the new crane will help boost the volume of traffic moving by rail from the Port.”

The new rail terminal crane, and the quayside cranes were all manufactured by Zhenhua Port Machinery Company (ZPMC) in Shanghai and transported fully erect to the Port of Felixstowe. They will undergo an intense commissioning and testing process before becoming operational at the Port.

The Port of Felixstowe awarded a contract for the further expansion of the Port to Costain in May. The Felixstowe South Reconfiguration will, eventually, increase capacity at the UK’s largest container port by 50%. The first berth, which will be the first new deep-water container berth to be built in the UK since the completion of the Port’s Trinity Terminal, will become operational in 2010.

ENDS

Note to Editors:

For further information please contact Rachael Jackson, Public Relations Manager, on Tel. No: +44 (0)1394 604167, Fax No: +44 (0)1394 604943 or E-mail: jacksonr@hpuk.co.uk www.portoffelixstowe.co.uk