GROUP THE COMPANIES OF THE GROUP & ITS ASSETS.

“POSEIDON DIVING CO.” was founded in 1992, at Piraeus, by Vassilios Vergos.The founder have had an experience of more than 30 years on salvage, underwater and marine related operations. The invaluable degree of know-how gained throughout all these years has rendered “POSEIDON” a highly specialised company in the above field of marine operations. Along with specialization, “POSEIDON” has quickly developed into an integrated, though still flexible, group of companies, which offers a wide range of services. The group, now, consists of the following Greek companies:

(i) “POSEIDON SALVAGE – TOWAGE MARITIME CO.” (ii) “POSEIDON SEA CARE MARITIME CO.” (iii) “POSEIDON FLOATING CRANES MARITIME CO.” (iv) “POSEIDON DIVING CO.”

In recent years, special emphasis has been given on optimizing prevention and elimination of sea pollution in all operations. In this context, acquisition of further Antipollution Vessels and equipment is planned. In anticipation, further, to the changing demands of the market, “POSEIDON” is continuously investing in new means, equipment and technology, notwithstanding, also, the continuous training in new techniques and the professional development of its personnel.

It should be noted that “POSEIDON” grew up in the traditional way, using alone its own capital, without raising any loans from commercial banks and/or financial institutions. In this respect, the company’s financial records, cash flow, and reputation in the industry are of an eminent status.

The fleet of “POSEIDON” consists of the following: (i) The Tug-Research Vessel “ALEXANDROS VERGOS”. (ii) The Mother Vessel / Floating Crane “VERGINA I” of lifting capacity 50 tons. (iii) The Floating Split Barge “VERGINA II”. (iv) The Floating Barge “VERGINA III” (v) The Diving Support Vessel “VERGOS”. (vi) The Antipollution (Oil Debris Skimmer) Vessel “POSEIDON IV” with special (catamaran) hull shape, which allows efficient oil recovery at a speed of 100 tons / hour.

(iii) Specialised Salvage Equipment. • Compressors - Portable Electric Low Pressure Compressors for Divers’ Breathing Air; - Portable Electric High Pressure Compressors for Divers’ Breathing Air for filling Diving Air Bottles; - Portable Diesel Low Pressure Compressors for Industrial Use. • Pumps - Hydraulic Submersible Pumps of Anti-Explosive type and of Varying Sizes/ Capacities; - Electrical Submersible Pumps of Varying Sizes/ Capacities; - Diesel Pumps of Varying Sizes/ Capacities; - Air Pumps of Anti-Explosive Type and of Varying Sizes/ Capacities - High Pressure /Jetting Pumps

• Generators - Portable Generator of 120 KWA (380V /220V); - Portable Generator of 60 KWA (380/220 V); - Portable Generator of 12 KWA (220 V); - Distribution Boards.

• Hoses - Air Hoses of Varying Sizes; - Hydraulic Hoses of Varying Sizes; - Heavy Duty Hoses of Varying Sizes.

• Marine Equipment for General Use - Inverter Welding Machines; - Electrically Driven Rotary Welding Machine; - Rotary Welding Machine with Engine; - Oxygen/ Acetylene Bottles for Industrial Use; - Propanium Bottles for Industrial Use; - High Pressure Cleaning and Washing Machines (200 & 400 BAR) with Hot Water 180 Co; - Hydraulic Pressure Unit for Pressing End of Rubber Hoses (Pressing Capacity from ¼΄΄ to 2½΄΄); - A number of Chucks (50 to 100 tons); - Air Lift Bags of various Lifting Capacities ranging from 1 to 5 tons; - A number of Slings, Wire Coils of varying sizes (of length & diameter), & Guide Blocks up to 40 tons; - A number of Buoys (Vol.of approx. 40lt each) & a number of Steel Buoys (Vol. of approx. 500lt each); - Marine Shackles: A multitude of Shackles in varying sizes/ types of SWL up to 35 tons; (iv) Equipment for Construction Works • Portable Dredging Pump (Pumping Capacity of 1,200m3/hr); • Underwater Hydraulic Excavator (Operational Working Depth up to 60 mtrs).

It should be stressed with regard to the company’s assets that the largest and, to a certain extent, invaluable asset of “POSEIDON” is its personnel and its management. In Salvage operations people make things happen and “POSEIDON” has trained people who know how to go about the work with the equipment on hand. Specialization, through the years, with emphasis on the salvage know-how and the specialized equipment is the largest asset of “POSEIDON”.

THE ‘KNOW-HOW’, TECHNICAL CAPABILITIES & EXPERIENCE OF ‘POSEIDON’

As it has been described previously, Salvage operations require the best available techniques and equipment for optimum results. Timing and fast response is of crucial importance. Backed up by experienced and trained professionals and specialized equipment, “POSEIDON” has the ‘know-how’ and technical capability to respond and promptly, efficiently, and on an urgent basis, undertake and successfully carry out any of following tasks.

1. MARINE EMERGENCY/ SALVAGE OPERATIONS

“POSEIDON”, having had the experience of various national and international Salvage operations of differing types, with a whole range of diversified operational requirements, and with unknown levels of difficulty, is capable of responding fast with professionalism to any ‘Casualty’ challenge. Services under this head include: • Marine Emergency Response • Salvage/ Towage/ Escort Services • Assistance during/ after Collision Casualties • Firefighting • Refloating • Wreck Removal • Anchor Handling • Lost Anchors & Chains Recovery • Quick Disentanglement of Fouled Anchors • Loading & Transporting of Heavy Units with the use of Floating Crane & Barges • Cargo Lightering Works • Cargo Recovery/ Transfer/ Discharge • Pumping Out & De-Oiling Operations • Dewatering of Flooded Compartments • Machinery Preservation and Corrosion Control 2. ANTIPOLLUTION OPERATIONS

Protection of marine environment is an essential aspect of Salvage. The Antipollution department is in position to protect coastal waters by mobilizing specialized equipment (such as antipollution vessel, oil skimmers, oil booms etc.) and removing potential threats before they become a problem. “POSEIDON”, having dealt with a number of oil spill cases and having recovered fuel and pollutant materials from a number of grounded and/or sunken vessels, has gained significant experience in this field. Services under this head include:

• Protection of Marine Environment & Preventing/Averting Marine Pollution • General Pollution Control & Containment (Deployment of Booms) • Collection of Marine Pollutants and Cleaning • Bunkers’ Removal/ Transfer • De-Oiling • Ship to Ship/ Ship to Shore Transfer Operation

3. DIVING & UNDERWATER OPERATIONS

The underwater services department of “POSEIDON” is the oldest of all and, by being successfully operated all these years, has built up a solid reputation within the shipping industry. It goes without saying, that “POSEIDON” has been approved for its underwater surveying services by all major “CLASSIFICATION SOCIETIES”. In the field of underwater search and recovery, “POSEIDON” has an incomparable track record as it has, among others, successfully carried out the DEEPEST RECOVERY OPERATION IN GREECE; the recovery of an helicopter’s wreckage from a sea depth of –265 mtrs. Services under this head include: • Search & Recovery Services up to a sea depth of -1000 mtrs, by use of company’s R.O.V. • In-Water Surveys in lieu of Dry Docking according to Regulations of all Class Societies • Damage Surveys/ Video Inspection • Underwater Temporary Collision Repairs • Water Inlet & Outlet Cleaning/ Patching • Underwater Ultrasonic Thickness Measurements • Underwater Hull Cleaning & Propeller Polishing • Wet & Dry (CODED) Welding & Cutting • Underwater Anodes’ Replacement

4. UNDERWATER ENGINEERING “POSEIDON”, further, undertakes underwater engineering projects. In 1998, “POSEIDON”, successfully, completed, as subcontractor of “Alcatel Cables Hellas S.A.”, the laying and burial of fiber optic cables connecting Greek islands (Mykonos – Patmos – Leros – Kalymnos – Kos – Rodos) by operating specialized equipment such as underwater excavators, trenching and jetting machinery. Services under this head include: • Power & Telecommunication Cable Laying & Protection • Power & Telecommunication Cable Repairs • Dredging • Port/ Harbour/ Marinas/ Lakes Sea Bottom Cleaning/ Treatment

“POSEIDON” has undertaken numerous projects to successful completion irrespectively of the degree of difficulty and complexity, and, most importantly, to the complete satisfaction of the interests concerned, such as Shipowners, H&M Underwriters, P&I Clubs, the Hellenic Coast Guard and Authorities, the American Navy, ITOPF etc. As a result, “POSEIDON” is a professional Salvage company fully recognised by Lloyd’s arbitrators and the maritime industry.

As to the experience, track record and, in particular, projects/Casualties undertaken by “POSEIDON” throughout the years, we would refer the reader to the company’s Brochure available in this office where, an overview of the Group and selected jobs/Casualties are presented.

THE OPERATIONAL MODUS & REGULAR CASH-FLOW OF ‘POSEIDON’.

As it has been understood,salvage work is neither regular nor predictable. Naturally, this fact might put in question the company’s regular cash-flow, for, whereas in a ‘conventional’ tug owning company the core business (that is, for instance, harbour towage and/or coastal/ open sea towages on commercial terms) yields the regular cash flow, this is not the case for “POSEIDON”, which neither owns tugs for such operations, nor does it offer such services. Strangely enough, “POSEIDON’S” origin is not the towage industry, as it is the case with the vast majority –if not all– of “Professional Salvors”, but the Diving/ Underwater Marine Services industry. In this respect, “POSEIDON” appears rather unique (perhaps on a worldwide basis) in that the core business yielding its regular cash flow traditionally was the Diving & Underwater Operations and not commercial tows.

“POSEIDON” grew up steadily expanding its activities – without raising any loans but only with own capital out of its business profits – into the Salvage as well as the Antipollution sector of the shipping industry working either as subcontractors with other companies of the sector or independently on its own. The ‘conventional’ underwater and diving services [referred to in para.3.2.1 (3) above] were yielding the regular cash flow, whereas salvage, antipollution and underwater engineering operations were substantially contributing to the group’s profits, which were being continuously invested into new means, equipment and technology. Among others, in 1998 the Mother Vessel/ Floating Crane “VERGINA I” was built, in 1999 the Tug-Research Vessel “ALEXANDROS VERGOS” was built and in 2004 the Oil Debris Skimmer Vessel “POSEIDON VI” was built. “POSEIDON”, now, offers the whole range of services of a “Professional Salvor”. P O S E I D O N S A L V A G E & T O W A G E M A R I T I M E C o .

P O S E I D O N S E A C A R E M A R I T I M E C o .

P O S E I D O N F L O A T I N G C R A N E S M A R I T I M E C o.

P O S E I D O N D I V I N G C o .

P O S E I D O N S A L V A G E I N T E R N A T I O N A L POSEIDON is a Piraeus based group of companies offering round the clock services, seven days a week in Salvage, Antipollution, Sub-Sea operations and Crane works. Capitalizing on its thirty (30) years plus experience in the maritime field, POSEIDON is capable of successfully undertaking and completing any type of operation and accepting full responsibility for the organization, execution for any of the following services:

• Salvage & Towage • ANTIPOLLUTION SERVICES Refloating Operations Prevention and control of pollution Wreck Removal De-oiling Machinery Preservation Protection and clean-up of the marine

environment • Crane Works Pumping of oil and bunkers from disabled Lightening Services vessels Loading and Transportation of heavy units.

• Underwater Services • Search & Recovery of lost objects In Water Surveys approved by all Classification Societies Search and Recovery of lost anchors and chains. Crack detection and patching Anchor Handling / Disentanglement Welding and cutting Underwater hull cleaning

Propeller polishing PROFILE Tug Boat “ALEXANDROS VERGOS” • Diving Support Vessel “VERGOS”

Oil Debris Skimmer “POSEIDON IV” Floating Spil Barge/Dredger “VERGINA II”

Mother Vessel – Floating Crane FLEET & EQUIPMENT EQUIPMENT & FLEET “VERGINA I” Sub-sea Equipment

R.O.V ‘SUPER ACHILLE’ by ‘COMEX’, 1000m Operational sea depth

Side Scan Sonar

Track Point

Metal Detector

Decompression Chamber ‘CX 1400’, by ‘COMEX’ Surface Supply Unit (Air Supply, Communication, Video Surface Supply Unit, by ‘COMEX’ Recording, & Safety Support for 3 Divers)

Decompression Chamber

Track Point

Remotely Operated Vechicle (R.O.V.) (Search & Video Recording up to depths of 1000m)

Side Scan Sonar UNDERWATER EQUIPMENT EQUIPMENT UNDERWATER ...ENVIRONMENTAL SENSITIVITY ANTIPOLLUTION

SERVICES ...ENVIRONMENTAL SENSITIVITY

SERVICES

POLLUTION AWARENESS... POLLUTIONPIPE & CABLE POLLUTIONAWARENESS.. LAYING AWARENESS....

Protection of marine environment is an essential aspect of salvage. The antipollution department is in position to protect coastal waters by mobilizing specialized equipment (such as antipollution vessel, oil skimmers, oil booms etc.) and removing potential threats before they become a problem. We have gained significant experience in this field, having recovered fuel and pollutant materials from a number of grounded or sunk vessels. For instance, a bunker removal operation from sea depth of –50 mtrs, can prove of great complexity due to difficulties originating from the vessel’s construction (e.g. no direct access to bunkers by just drilling holes on the exterior hull) or working conditions under zero visibility . POSEIDON is able to, promptly, efficiently and on an urgent basis, carry out:

- GENERAL POLLUTION CONTROL & CONTAINMENT (DEPLOYMENT OF BOOMS)

- BUNKERS REMOVAL

- DE-OILING

- CARGO TRANSFER ANTIPOLLUTION SERVICES ANTIPOLLUTION ...ENVIRONMENTAL SENSITIVITY

While stern fastened at the sea area of Kynosoura, the Slops, 16.500 dwt single hull tanker, exploded and caught fire, sustaining major opening on her portside between No 4 and No 5 tanks and spilling tonnes ofheavyoil. In the slick of heavy oil contained in our oil booms, a seagull was found trapped and heavily contaminated by oil. Our emergency response team empowered by the philosophy of the company, and with great personal risk, retrieved the bird ALIVE from the oily sea surface as well as carefully cleaned. It was delivered in AIGINA island - in time - for further treatment and the seagull was saved and now flies over the seas

again... ANTIPOLLUTION SERVICES ANTIPOLLUTION POLLUTION AWARENESS...Our Oil Debris Skimmer (ODS) Vessel “POSEIDON IV” is readily available to tackle PIPE & CABLE LAYING ...ENVIRONMENTAL any oil slick with aSENSITIVITY pumping ability of 100m3/hr

Availability of equipment and Oil Skimmers, which are capable of recovering a wide range of oils and products floating on the surface.

Readily Available Antipollution Equipment such as : Diesel Driven Hydraulic Power Pack Units floating Skimmer Oil Collectors hydraulic and Air Pumps of Anti-Explosive Type Oil Containment Booms of various widths (open & closed sea) Oil Absorbent Booms Oil Absorbent Pads Oil Trap Heavy Fuel Absorbents

ANTIPOLLUTION SERVICES ANTIPOLLUTION CASUALTIES PIPE & CABLECC LAYING ‘DYSTOS’

The Cement Carrier ‘DYSTOS’ capsized and Date : Dec.1996 – Feb.1997 Place : Off Kymi Port/ Evoia Island (Greece) sank in the sea area of Kymi/ Greece. She sank Tasks Undertaken : Antipollution/ Bunkers’ removal. at a sea depth of –36 mtrs and got buried by 5m as a result of the muddy seabed and its weight. POSEIDON, acting on the instructions of the Hellenic Merchant Marine Ministry and Port Authorities, undertook the search for any sur- vivors/missing crewmen (17 bodies were re- covered) and all antipollution measures. Antipollution measures included: deployment of oil containment booms, underwater bunker removal and cleaning of bunkers’ tanks & en- gine room (approx.160m3 of bunkers and oth- er oil were pumped out), plugging/ sealing of all overboards, removal of all polluting mate-

rials (such as batteries, oil drums, paints etc.). CASUALTIES Ro/Ro - Pass ‘EXPRESS SAMINA’

The Ro/Ro Passenger Ferry “EXPRESS SAMI- Date : Sept.–Oct.2000 NA” struck onto the rocky islet Portes (off Paros Place : Off Paros Island (Greece) island) and, , sank at a sea depth of –37 meters. Tasks Undertaken : Antipollution/ Bunkers’ removal. POSEIDON was contracted by the ship’s Own- ers/ P&I Club to respond over a possible pol- lution and take all antipollution measures. Antipollution measures included: deployment of oil containment booms, underwater bunker removal and cleaning of bunkers’ tanks & engine room (ap- prox. 120m3FO, 45m3DO, 30m3LO & Hydraulic oil, and 16m3 of Slops were pumped out), plugging/seal- ing of all overboards, removal of all polluting ma- terials (such as batteries, oil drums, paints etc.). Pumping operations were performed on a 24-hour/day basis and proved of great difficulty as the bunker tanks could not be accessed by just drilling holes on the hull but ways should be made within the wreck by drilling/

cutting plates, removing machinery parts, floor plates etc. CASUALTIES PIPE & CABLEM/Y LAYING ‘CORVUS’

Date : Nov.2003 While in the “Skaramangas Shipyard”, Place : Skaramangas Shipyard, Piraeus the Motor Yacht “Corvus” sank due to (Greece) Tasks Undertaken : Antipollution/ Refloating. extremely adverse weather conditions. POSEIDON was contracted on a lump sum basis to refloat the yacht. Two float- ing cranes, with a total lifting capacity of 270 tons, were used. This delicate op- eration was completed in three (3) days and the yacht was delivered safely afloat.

BEFORE

AFTER

CASUALTIES M/T ‘SLOPS’

While stern fastened at the sea area of DATE: 15/06/2000 – 21/06/2000 Kynosoura, the Slops, 16.500 dwt single hull PLACE: KYNOSOURA tanker, exploded and caught fire, sustaining major opening on her portside between No 4 and No 5 tanks and spilling heavy oil. Her fore was approximately 1m awash (No1 and No 2 PS & SS were flooded). The list of approximately 15o she took due to the water sea influx, was putting in grave danger of pollution the greater sea area. Poseidon dewatered No1 and No2 PS & SS tanks to bring her to even keel position and pumped out No 3, 4 and 5 PS tanks to gain the vessel’s upright position and bring the damaged area above the sea surface, thus stopping the leak. Also deployed 1750m oil containment booms and skimming within booms to mitigate oil pollution.

CASUALTIES PIPE & CABLEM/V LAYING GRECIA EXPRESS’

Date : Sept.-Nov.1994 As a result of an explosion in her Engine Place : Aigio Port/ Pelloponese (Greece) Room within the port of Aigion, the Ro/ Tasks Undertaken : Refloating/ Antipollution Ro Passenger Ferry “GRECIA EXPRESS” capsized and was lying at 90º on her star- board side, which was submerged three (3) meters deep into the muddy seabed. POSEIDON was contracted by her owners to refloat the vessel. The operation was extremely difficult and, within a period of approx. 2 months, POSE- IDON refloated the vessel. The “GRECIA BEFORE EXPRESS” was delivered back to her own- ers afloat and in an upright & safe condition.

AFTER CASUALTIES Ro Ro ARION PIPE & CABLE LAYING

As a result of a severe storm, the Ro/Ro Date : Aug.-Sept.2005 “ARION” run aground at Chios Island. Place : Off Mesta/ Chios island (Greece) Tasks Undertaken : Refloating/ Antipollution POSEIDON, in association with Tsav- liris, mobilized on site a large array of salvage means including salvage tugs, floating cranes, underwater hydraulic ex- cavator and miscellaneous equipment in order to refloat the semisunken vessel.

The operation was successfully competed within 55 days and the vessel was deliv- ered undertow to a scrap yard in Turkey.

BEFORE

AFTER CASUALTIES PIPE & CABLEM/V LAYING ‘NORDLAND’

Date : Sept.-Oct. 2000 Place : Psaronisi islet/ Kythira island (Greece) The M/V “NORDLAND” run aground Tasks Undertaken : Antipollution/ Bunkers’ removal at Psaronisi islet - Kythira island. POSEIDON was subcontract- ed by Loucas G. Matsas Salvage & Towage for all Antipollution works and the de-oiling operation. Antipollution included: deployment of oil containment booms, underwater bunker removal and cleaning of bun- kers’ tanks & engine room, removal of all polluting materials (such as batteries, oil drums, paints etc.), and plugging/sealing of all overboards, seachests ventilators

etc., and cracks caused by the grounding. CASUALTIES M/V ‘MILLENIUM EXPRESS II’

Date : March 2002 The F/B “MILLENIUM EX- Place : Strofades islets & Eleusis (Greece) PRESS II”, whilst sailing at the sea Tasks Undertaken : Emergency Response/ Salvage/ Antipollution/ area of Strofades Islets, caught fire. Bunkers’ removal

POSEIDON, in association with Kara- piperis Tugs, extinguished the fire and carried out all the water tightening ser- vices for the purpose of stopping the in- flux of seawater from the openings caused by the fire. The vessel was safely towed to Elefsis, where antipollution, de-oiling

and pumping out services were provided CASUALTIES M/S HERMES PIPE & CABLE LAYING

Date : May 1994 Place : Piraeus port (Greece) Whilst berthed alongside her star- Tasks Undertaken : Emergency Response/ Salvage/ board side in the port of Piraeus, Refloating/ Antipollution the Motor Ship “HERMES” list- ed excessively and sank in the port. POSEIDON was contracted by her owners to refloat the vessel. Within a period of approx. one month, the vessel was successfully refloated and delivered back to her owners afloat and in an upright & safe condition.

BEFORE

AFTER

CASUALTIES M/V GEORGIOS I PIPE & CABLE LAYING

Whilst at anchor off Rodos island, the Date July 1999 Motor Tanker “GEORGIOS I” dragged, Place : Rodos island (Greece) Tasks Undertaken: Salvage/ Refloating/ due to adverse weather conditions, Antipollution and stranded. The vessel capsized and

was lying at 90º on her starboard side. POSEIDON was contracted by her owners to refloat the vessel. The vessel was, successfully, refloated and delivered back to her owners afloat and in an upright & safe condition. The “GEOR- GIOS I”, following refloating by POSEI- DON returned BACK TO TRADE trans- porting fresh water in the Greek islands.

BEFORE

AFTER

CASUALTIES Helicopter AUGUSTA A109E PIPE & CABLEHelicopter LAYING Robinson R22

The deepest recovery (-256 mtrs) in Greek territorial waters DATE: 06/02/2001-08/03/2001 PLACE: 7 nautical miles south of Cape Sounio

While transferring a patient from Syros to Piraeus, the helicopter Augusta crashed in the sea area south of cape Sounio. Poseidon has contracted together with National Center for Marine Research (NCMR) for the research & recovery operation of the wreckage of the helicopter from a sea depth of 256-265m. In total, 74 pieces were recovered within 30 days on a 14hour day basis.

DATE: 14/01/2004 PLACE: Vouliagmeni

The helicopter Robinson R 22 had crashed in the sea area Vouliagmeni. The recovery operation of the wreckage was successfully completed within a few hours, while the recovered helicopter was safely delivered at Civil Aviation premises by our company’s truck as per instructions of Ministry of Transport.

CASUALTIES M/V GUNVOR MAERSK

As a result of a grounding and sub- Date : May-Sept.1979 sequent explosion/ fire in No.1, 2 Place Rio Negro/ Amazon River (Brazil) & 3 cargo tanks, the M/T “GUN- Tasks Undertaken : Refloating VOR MAERSK” sank in Ama- zon River (affluent Rio Negro). The difficulties were such that the comments attracted by world major salvors were to the effect that the re- floating of the vessel was uncertain. Despite the above, the vessel was suc- cessfully refloated by Mr. VASSILIOS VERGOS, the founder, subsequently, of POSEIDON Group of companies.

The founder of the company VASSILIOS VERGOS

CASUALTIES B/C ANAFI PIPE & CABLEM/V LAYING MASTROPETROS

DATE: 09/07/97 – 31/07/97 PLACE: PIRAEUS ROADS Following a firebreak in her engine room, the B/ C Anafi had sustained extensive damages in her engine room and accommodation area. Hired by Matsas for the pumping, diving and antipollution works, Poseidon deployed around the vessel 300m oil containment booms, skimmed bilge effluents within the area of booms, sealed all sea chests and overboard discharges by welding of steel plates and pumped out 11000 tons of oily water from her flooded engine room with air pumps of anti-explosive type.

DATE: 23/07/99 – 30/07/99 PLACE: GAVRIO (ANDROS) “Mastropetros” was lying semi-sunken with her aft hull at a sea depth of 25m. Pumping out of slops and lubricants from double bottoms PS and SS of the engine room, engine carter, sup tank, PS and SS daily tanks. Preventive measures for the protection of the sea environment by placing oil containment booms, oil absorbents booms and pads and oil trap fuel oil absorbents.

CASUALTIES FB ANNA V PIPE & CABLE LAYING LNG ‘METHANE POLAR ’

Date : Aug.1996 Place : Patras Port (Greece) Tasks Undertaken : Salvage/ Refloating/ Antipollu- tion/ Bunkers’ removal

The F/B “ANNA V”, following an explosion, was lying semi- sunken with a list of 20-25˚ to starboard side in the port of Patras. POSEIDON was contracted by her owners to re- float the vessel and for all antipollution works. POSEIDON deployed oil containment booms around the ves- sel, carried out watertightening of all openings (outlets, ven- tilators, intakes, openings caused by the explosion), pumped out large quantities of oily seawater, refloated the vessel and carried out the proper preservation of the engine room.

DATE:17/08/2001-25/08/2001 PLACE: KYNOSOURA

While anchored at Nafsi Shipyards, the captain of the LNG “METHANE POLAR” reported water ingress in her engine room. Dispatched by vessel’s managing company, Ceres Hellenic Shipping Enterprises Ltd, Poseidon patched up and dewatered engine room and preserved machinery. Precautionary measures for the protection of the sea environment were also taken by deployment of 615m oil containment booms.

CASUALTIES M/V SITAREM PIPE & CABLEM/T LAYING SERIFOS

DATE: 14/03/96 – 30/03/96 PLACE: ELAFONISOS ISLAND

Vessel had sustained extensive damage on her fore peak area (completely deformed), bulkhead and No 1 Cargo Hold, following a collision at Elafonisos Island. She was running real danger of sinking due to the uncontrollable and continuous seawater ingress through various openings at No 1 Cargo Hold to No 2 Cargo Hold.

Date : Nov.-Dec.1997 Place : Cape Pappas/ NW Peloponnese (Greece) Tasks Undertaken : Salvage/ Refloating/ Antipollution

The M/T “SERIFOS” ran aground onto the rock of Cape Papas and was lying stranded with her hull severely damaged. Her tanks, double bottom tanks and engine room were flooded to sea level. POSEIDON was contracted by her owners to re- float the vessel and for all antipollution works. POSEIDON deployed oil containment booms around the ves- sel, sealed all the openings (external/internal valves), caried out watertightening works, pumped out the seawater from all tanks and void spaces and successfully refloated the vessel.

CASUALTIES M/V SEA EAGLE S PIPE & CABLE LAYING

Date : Feb.-Mar.2005 The fully laden M/V “SEA EAGLE S” Place : Mirmigia Islets/Piraeus Roads (Greece) broke free of her anchoring, due to ex- Tasks Undertaken : Salvage under LOF/ Refloating/ tremely adverse weather conditions (11 Antipollution beauforts), drifted and firmly grounded over her entire length on the rocky shore of Mirmigia with a starboard list of 10o, all her double bottoms holed, and her en- gine room severely breached and flooded. POSEIDON refloated the vessel after dis- charging her entire cargo and pumping out approx. 150 tons of bunkers. She was then towed to a safer position where she was patched up and her engine room preserved.

AFTER

CASUALTIES CABLE LAYING PIPE & CABLEPIPE LAYING LAYING Y

Y CONSTRUCTION WORKS CONSTRUCTION CABLE LAYING SEA BOTTOM YTREATMENT & CLEANING Y Equipment exclusively for special cases -Underwater Hydraulic Excavator ‘OK RH9’ -Portable Dredging Pump, pumping capacity 1500m3/h

‘M.U.K.H. Schrein er MF31’ CONSTRUCTION WORKS CONSTRUCTION The underwater services department, which is the oldest of all, has been operating successfully for more than fifteen years and has built up a solid reputation within the shipping industry. It goes without saying that POSEIDON has been approved for its underwater surveying services by all major Classification Societies.

We have expertise to provide any of the Underwater Welding Hull Cleaning following services: Ultrasonic Measurements - Search and Recovery Services

- IN-WATER Surveys in lieu of dry docking according to regulations of all Classification Societies

- Damage Surveys

- Underwater Temporary Collision Repairs Underwater Patching

Underwater - Underwater Ultrasonic Thickness

Cutting perations Measurements

- Underwater Hull Cleaning & Propeller

O Polishing Propeller Cutting - WET & DRY (CODED) Welding & Cutting

- Underwater Anodes’ Replacement

Propeller Polishing iving

D LOCATION

POSEIDON HEAD OFFICE 90, G. AFARA & EL. VENIZELOU STR. 186 48 PIRAEUS GREECE TEL: (+30) 210 46 17 759 , 210 46 17 580 (24 hours) (+30) 210 46 11 039 FAX: (+30) 210 46 11 073 E-mail: [email protected] Web Site: www.poseidonsalvage.com

Mobile phone numbers (+30) 6973 55 60 60 - 6973 55 60 62 - 6973 55 60 66

We are always at your disposal whenever the need arises and will be pleased to provide a quote for whatever services might be required