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ASA MEMBERS INVITED TO BID ON REMOVAL OF COSTA CONCORDIA

News Release American Salvage Association February 10, 2012
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<P style="MARGIN: 0in 0in 10pt" class=MsoNormal><SPAN
style="LINE-HEIGHT: 115%; FONT-FAMILY: 'Times New Roman','serif'; COLOR: black; FONT-SIZE: 12pt">Alexandria,
VA &#8211;Seven members of the American Salvage Association (ASA) have been invited to
submit competitive bids to remove the capsized cruise ship <I>Costa
Concordia</I>, which ran aground off the Italian island of Giglio in late
January. According to <I>Lloyds List</I>, "The company (vessel owner), owned by
Miami-based Carnival, said in a statement that it would select a salvage firm
based on tenders" by the end of March.<BR><BR>One ASA member has already been
contracted and is onsite in Italy to remove fuel oil and marine gasoline from
the vessel. And <I>Lloyds List </I>indicated removing the <I>Costa Concordia</I>
could start as early as April, and could take between seven and 10
months.<BR><BR>&#8220;While terribly tragic, the capsizing and grounding of the
<I>Costa Concordia</I> underscores the need for a professional salvage response
to this very complex challenge," said ASA President Tim Beaver. "But ASA salvors
are some of the very best in the world and I have no doubt the selected company
will perform to its utmost capability," he continued.</SPAN><SPAN
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