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December 5, 2002

STELLANOVA UPDATE


Repairs to the Stellanova continue to advance at a rapid pace. The newly constructed upper bow module has been transported, secured and is being held in place with the assistance of the 50 ton rail crane and 90 ton mobile crane. The fit of the new module is perfect and welding has been underway since Sunday. The lower bow module, consisting of the bulbous bow and bow thruster is nearing completion and is expected to be installed as of next week.

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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