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February 17, 2005

THE SAUNIÈRE AT VERREAULT FOR STEEL WORK

The SEAWAY MARINE TRANSPORT Dry Bulk Carrier, Saunière, was in dry dock for steel replacement, as well as a variety of maintenance work and repair related issues in January.

Especially significant to our regular clients, is the fact that the recent dry-docking of the Saunière marks the first time a VERREAULT client took advantage of the recently launched V POINTS Rewards Program - resulting in noticeable overall savings.

VERREAULT NAVIGATION is pleased to report that for this particular visit, SEAWAY MARINE TRANSPORT took advantage of the Dry-Docking Package as well as the In Dry Dock Services Package and Wharfage Services Package by way of their previously accrued allotment of V POINTS. These V POINTS were accumulated when another of their vessels, the Algoport, was dry-docked on two separate occasions in the spring of 2004. Of course, SEAWAY MARINE TRANSPORT will also receive further V POINTS based on the work done this time around.

VERREAULT NAVIGATION is looking forward to seeing their other clients make use of their own V POINTS in the very near future - allowing them to discover firsthand, the significant and valuable savings on offer through this highly innovative and unique Rewards Program.

Finally, VERREAULT NAVIGATION busy as usual, has already secured several bookings for the coming months.

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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