PRESS RELEASE (9-18-2006)

Odyssea Marine, Inc. releases information on Vessel Fire

On Friday, August 11, 2006, about 4 pm., the M/V Odyssea Voyager, a 195 ft. dive support vessel owned by Odyssea Marine, Inc., and operated by Odyssea's North Bank Towing Division, was severely damaged by fire the cause of which is not yet known. Located in West Delta Block 35, the Voyager, in a four-point mooring configuration, was supporting diving operations of Superior Offshore International, Inc., when flames were noticed in a compartment in the bow section of the vessel. As the crew fought the flames, the fire spread and eventually engulfed the main cabin of the vessel. There were 40 people on board, including 26 passengers and 14 crew members, all of whom abandoned ship, and were brought to safety. Two crew members of Odyssea Marine, Inc., diagnosed with smoke inhalation, were flown by US Coast Guard helicopter to West Jefferson Hospital located in Marrero , Louisiana . Both crew members were treated and released that night.

Despite the significant damage to the vessel, there were only minor injuries. Also of concern was the nearly 30,000 gallons of fuel oil on board at the time of the fire. The vessel was recovered with no fuel spill and no danger to the environment. The vessel is now safely docked in Amelia , Louisiana . Aaron Thomas, Chief Executive Officer of Odyssea Marine, Inc. stated, "It is a tribute to the professionalism, training and experience of our Captain and Crew who were able to ensure all aboard were offloaded safely from the vessel". Captain Montgomery Norman was the last person to abandon the burning vessel. Chuck Denning, Chairman of Odyssea stated, "We firmly believe we have the best vessel crews in the Gulf of Mexico ".

There are many people and organizations that deserve appreciation and acknowledgement for their efforts during and after this incident. Of particular note, the employees of Odyssea Marine, Inc. would like to express their gratitude and sincere thanks to the following organizations and people that assisted during the fire. Those include:

Superior Offshore International, Inc. as some of its employees on board the Voyager attempted to extinguish the fire. Superior also sent its Gulf Diver V vessel to assist with the incident.

Tidewater Inc. and its crew boat M/V Rapid Runner that was early to the scene to assist with the rescue of passengers and crew and also assist with extinguishing flames

International Boat Rentals Inc. dispatched the M/V International Warrior and the M/V International Scout, both supply vessels to the scene to assist with the rescue and fire.

The United States Coast Guard who assisted with the USCG Cutter Pelican by rescuing passengers and crew and also flying via helicopter two crew members needing medical attention to West Jefferson Hospital.

Offshore Construction Company ALLSEAS , who offered Odyssea's North Bank Towing tug M/V Thad A to assist with the incident and salvage efforts

Crew members of Odyssea's North Bank Towing Division tug M/V Thad A particularly Captain John Houser, who offered clothes and essentials to those crew members of the Voyager who remained at sea to monitor the fire. Other crew members included Captain Ray Foret, Engineer Lance Starr and deck crews Dennis Booth and Lawrence Burton.

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