January 2012

Fort Lauderdale, FL, November 17, 2011 – RESOLVE Marine Group, Inc. successfully refloated the Perseverance dry dock in San Juan, Puerto Rico on October 27. The dry dock sank on September 29 during maintenance/refit operations. During the sinking, the dry dock’s internal pumping system became inoperable due to flooding of the dock’s control station. Also, internal damage sustained during the sinking event made several of the internal compartments common, degrading the stability of the dry dock.

RESOLVE was engaged to assess the casualty, and plan and execute the refloating operation. First, 12 electric submersible pumps were installed to replace the dry dock’s inoperable pumps. RESOLVE then utilized the RMG 400 sheer leg heavy lift crane barge to maintain longitudinal stability of the structure during the 8-day refloat operation. RESOLVE had deployed the AHTS RESOLVE Pioneer, the Tug Lana Rose and RMG 400 heavy lift crane barge to the Perseverance refloat operation after completing the refloating and scuttling of the Angeln container vessel wreck off the coast of St. Lucia.

Perseverance dry dock owner San Juan Towing & Marine Services is a resource partner within RESOLVE’s OPA90 network of service providers.

RESOLVE Marine Group, Inc. is a multi-faceted marine services group providing Marine Salvage, Firefighting, Wreck Removal, Naval Architecture, Marine Engineering and Marine Services as well as Maritime Safety Training. RESOLVE is a leading provider of OPA90 Vessel Emergency Response in the United States with 20 fully equipped Salvage and Marine Firefighting response depots around the U.S. and its territories. RESOLVE comprises four subsidiaries: RESOLVE Salvage & Fire, RESOLVE Marine Services, RESOLVE Maritime Academy and RESOLVE Engineering Group, LLC, the naval architecture and marine engineering subsidiary. RESOLVE maintains operations bases in Singapore, China, India and the UK as well as its headquarters, operations base and training facility in Fort Lauderdale, FL and its nine-acre, Gulf of Mexico port facility/ operations base in Mobile, AL.

RESOLVE’s China joint venture, Shanghai RESOLVE-Shengmin OSRO Company (SRSOC), delivers Class 1 Oil Spill Response, Hazardous Materials Response Management and Cleanup services in Shanghai.

Dedicated to the protection of life, property and the marine environment, RESOLVE has performed numerous, complex salvage and wreck removal assignments and delivered emergency response and a variety of marine services to the global maritime and offshore industries for more than 30 years. More information about RESOLVE, an ISO9001:2008 Certified company, can be found at www.resolvemarine.com