Seabulk International Purchases Two Foreign-Flag Tankers

The tankers, the "World Trumpet" and "World Trust," are modern double-hull vessels built in 2000 at the Daewoo Shipyard in Korea. They will be the first foreign-flag tankers owned by Seabulk, which owns 10 U.S. flagged tankers now operating in the Jones Act markets.

?With the flow of energy products becoming increasingly globalized, we saw an opportunity to enter the international market through the purchase of these two world-class vessels. The two vessels will be time-chartered to a major oil company or placed into an international tanker pool,? said Gerhard E. Kurz, Chairman and Chief Executive Officer for the company.