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October 10, 2003

JANE ANN IV TO VERREAULT NAVIGATION FOR EMERGENCY REPAIRS, WORK ON SIR WILLIAM ALEXANDER ADVANCES ACCORDING TO SCHEDULE

Following damages sustained last week, the GREAT LAKES TRANSPORT push tug, Jane Ann IV has put in for emergency repairs at VERREAULT. The vessel's stay in dry dock will see itundergo around the clock repairs and modifications to it's damaged propulsion and steering system in order to allow for a rapid delivery time. The Verreault team will complete necessary steel and mechanical work on all of the damaged variable pitch blades as well as the removal and changing of several seals. However, the most significant item included in the workscope is the repair and modification of the vessel's four rudders in order to allow for improved future functionality and maneuverability.

Meanwhile, despite the unexpected arrival of the Jane Ann IV, work on the recently awarded Sir William Alexander contract continues to advance at a rapid pace. The CANADIAN COAST GUARD light icebreaker and major navaids tender from Dartmouth, Nova Scotia arrived in Les Méchins on the 28th of September prior to the departure of the Martha L. Black. The Sir William Alexander is in dry dock for roughly a months worth of regular mechanical and steel maintenance as well as sandblasting and painting. Other irregular workscopes included in the contract are the renewal of several interior cabins and the machining of the vessel's two propulsion shafts.

Should you wish any further information on this project or would like to have a quote for any work you are planning for the future, do not hesitate to contact us at:

Verreault Navigation inc.
146 Rue Principale
Les Méchins, (Québec)
Canada
G0J 1T0

Phone: 418.729.3733
Fax: 418.729.3285

serge.desrosiers@groupeverreault.com

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