EXHIBIT 10F(i) ASSIGNMENT OF VESSEL CONSTRUCTION CONTRACT FOR TWO VESSELS dated December 30, 1996 THIS ASSIGNMENT, dated as of March 24, 1997, is between Coastal Ship, Inc. (the "Assignor") in favor of Trailer Bridge, Inc. (the "Assignee").

                                                               EXHIBIT 10F(i)


                        ASSIGNMENT OF VESSEL CONSTRUCTION
                CONTRACT FOR TWO VESSELS dated December 30, 1996


        THIS ASSIGNMENT, dated as of March 24, 1997, is between Coastal Ship,
   Inc. (the "Assignor") in favor of Trailer Bridge, Inc. (the "Assignee").

                                 WITNESSETH THAT

        WHEREAS, the Assignor entered into a Vessel Construction Contract For
   Two Vessels dated as of the 30th day of December, 1996 by and between
   Assignor, Halter Marine, Inc. ("Builder") and Halter Marine Group, Inc.
   ("Guarantor") (the "Contract"); and

        WHEREAS, Assignor wishes to assign and Assignee wishes to accept
   assignment of the Contract.

        NOW, THEREFORE, the parties hereby agree as follows:

        1.   The Assignor hereby pledges, assigns and grants to the Assignee
             all of the Assignor's right, title and interest in the Contract
             between the Assignor and Builder and Guarantor.

        2.   The Assignee hereby accepts such assignment and assumes all
             obligations of Assignor under the Contract.

        3.   The assignment shall be binding upon and enure to the benefit of
             the respective successors and assigns of the Assignor and the
             Assignee.

        IN WITNESS WHEREOF, the Assignor and the Assignee have executed this
   instrument as of the date first written above.


                                      COASTAL SHIP, INC.


                                      By:  /s/ Xxxx X. XxXxxx
                                      Name:  Xxxx X. XxXxxx
                                      Title: Vice President



                                      TRAILER BRIDGE, INC.


                                      By:  /s/ Xxxx X. XxXxxx
                                      Name:  Xxxx X. XxXxxx
                                      Title: Chairman