Signal International Receives Excellence in Safety Award

Each year, the Shipbuilder's Council of America (SCA) issues an "Excellence in Safety Award" to the operations with the lowest "Total Recordable OSHA Incident Rate" based on the operation's annual collective safety performance. The award, given to Signal International-Mississippi Operations in 2003, 2004, and again for 2005, represents Signal's commitment to safety-leadership throughout the marine fabrication industry.

Signal's Mississippi Operations total recordable OSHA incident rate for 2005, was 0.66, compared to the SCA's industry average of 8.74, leaving Signal 755% healthier, with regards to safety performance than the association average.

Additionally, according to the latest Bureau of Labor Statistic's available (year ending 2004), the total recordable OSHA incident rate for the shipbuilding industry was 12.9. Signal's Mississippi Operations (through April 23, 2006) currently has an OSHA rate as of 0.50, an incident rate of 3000%, less than the industry average.

These results demonstrate Signal's commitment to providing a safe-working environment for the well-being of all Signal International employees, Signal's customers, and the many contractors who perform work at Signal International facilities.

Signal International is one of the largest marine and fabrication companies in the Gulf of Mexico providing repair, upgrade, new construction, and fabrication services to the offshore industry. Headquartered in Pascagoula, Mississippi, the six facilities include two yards in Pascagoula and four in Texas. These facilities are equipped to handle new builds, conversions and repairs of semi-submersibles, jackups, drillships, FPSOs and FPSs.

The Shipbuilder's Council of America is the largest and most broad-based national trade association representing the U.S. shipyard/marine construction industry. The Council represents 79 shipyard companies that own and operate over 150 shipyards in 23 states. SCA also represents 45 affiliate members that provide goods and services to the shipyard/marine construction industry.