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      <GeneralExplanation>
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      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>THE RETURN IS REVIEWED BY THE BOARD OF TRUSTEES PRIOR TO ITS FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE ALL AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.</Explanation>
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          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10004</ZIPCode>
        </AddressUS>
        <EIN>461062101</EIN>
        <PrimaryActivity>MARINE TRANSPORTATION</PrimaryActivity>
        <LegalDomicileState>DE</LegalDomicileState>
        <TypeOfEntity>S</TypeOfEntity>
        <ControlledOrg>0</ControlledOrg>
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      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>MOBILE DREDGING &amp; PUMPING COMPANY</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>3100 BETHEL ROAD</AddressLine1>
          <City>CHESTER</City>
          <State>PA</State>
          <ZIPCode>19013</ZIPCode>
        </AddressUS>
        <EIN>231644265</EIN>
        <PrimaryActivity>ENVIRO &amp; INDUSTRIAL CLEANING</PrimaryActivity>
        <LegalDomicileState>PA</LegalDomicileState>
        <TypeOfEntity>S</TypeOfEntity>
        <ControlledOrg>0</ControlledOrg>
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      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>NEWBORN CONSTRUCTION INC</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>61 CLINTON STREET</AddressLine1>
          <City>CENTER MORICHES</City>
          <State>NY</State>
          <ZIPCode>11934</ZIPCode>
        </AddressUS>
        <EIN>112914636</EIN>
        <PrimaryActivity>CONSTRUCTION</PrimaryActivity>
        <LegalDomicileState>NY</LegalDomicileState>
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      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>NORFOLK DREDGING CO</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>PO BOX 1706</AddressLine1>
          <City>CHESAPEAKE</City>
          <State>VA</State>
          <ZIPCode>23327</ZIPCode>
        </AddressUS>
        <EIN>540320740</EIN>
        <PrimaryActivity>DREDGING</PrimaryActivity>
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      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>NORTH STAR MARINE INC</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>PO BOX 253</AddressLine1>
          <City>IRONIA</City>
          <State>NJ</State>
          <ZIPCode>07845</ZIPCode>
        </AddressUS>
        <EIN>222398898</EIN>
        <PrimaryActivity>BOAT RENTAL</PrimaryActivity>
        <LegalDomicileState>NJ</LegalDomicileState>
        <TypeOfEntity>S</TypeOfEntity>
        <ControlledOrg>0</ControlledOrg>
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      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>SEA WOLF MARINE TOWING INC</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>473 BROADWAY - SUITE 408</AddressLine1>
          <City>BAYONNE</City>
          <State>NJ</State>
          <ZIPCode>07002</ZIPCode>
        </AddressUS>
        <EIN>342058496</EIN>
        <PrimaryActivity>MARINE TOWING &amp; SALVAGE</PrimaryActivity>
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        <TypeOfEntity>C</TypeOfEntity>
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      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>STERLING EQUIPMENT INC</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>555 SOUTH STREET</AddressLine1>
          <City>QUINCY</City>
          <State>MA</State>
          <ZIPCode>02169</ZIPCode>
        </AddressUS>
        <EIN>043259344</EIN>
        <PrimaryActivity>EQUIPMENT RENTAL &amp; SALES</PrimaryActivity>
        <LegalDomicileState>MA</LegalDomicileState>
        <TypeOfEntity>S</TypeOfEntity>
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      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>TREVCON CONSTRUCTION CO INC</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>30 CHURCH STREET</AddressLine1>
          <City>LIBERTY CORNER</City>
          <State>NJ</State>
          <ZIPCode>07938</ZIPCode>
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        <EIN>223326705</EIN>
        <PrimaryActivity>MAINE CONSTRUCTION</PrimaryActivity>
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      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>TRI-STATE DREDGINC INC</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>4300 HOLMSBURG AVENUE</AddressLine1>
          <City>PHILADELPHIA</City>
          <State>PA</State>
          <ZIPCode>19136</ZIPCode>
        </AddressUS>
        <EIN>223663112</EIN>
        <PrimaryActivity>DREDGING</PrimaryActivity>
        <LegalDomicileState>PA</LegalDomicileState>
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      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>VILLAGE DOCK INC</BusinessNameLine1>
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        <AddressUS>
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          <City>PORT JEFFERSON</City>
          <State>NY</State>
          <ZIPCode>11777</ZIPCode>
        </AddressUS>
        <EIN>112511254</EIN>
        <PrimaryActivity>HEAVY CONSTRUCTION</PrimaryActivity>
        <LegalDomicileState>NY</LegalDomicileState>
        <TypeOfEntity>C</TypeOfEntity>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>WARREN GEORGE INC</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>PO BOX 07303</AddressLine1>
          <City>JERSEY CITY</City>
          <State>NJ</State>
          <ZIPCode>07303</ZIPCode>
        </AddressUS>
        <EIN>222751216</EIN>
        <PrimaryActivity>TEST BORING &amp; DIAMOND CORE DRILLING</PrimaryActivity>
        <LegalDomicileState>NJ</LegalDomicileState>
        <TypeOfEntity>S</TypeOfEntity>
        <ControlledOrg>0</ControlledOrg>
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      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>WEEKS MARINE INC</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>4 COMMERCE DRIVE</AddressLine1>
          <City>CRANFORD</City>
          <State>NJ</State>
          <ZIPCode>07016</ZIPCode>
        </AddressUS>
        <EIN>135475810</EIN>
        <PrimaryActivity>MARINE CONTRACTING &amp; SERVICES</PrimaryActivity>
        <LegalDomicileState>NJ</LegalDomicileState>
        <TypeOfEntity>S</TypeOfEntity>
        <ControlledOrg>0</ControlledOrg>
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      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>WITTE HEAVY LIFT INC</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>100 CENTRAL AVENUE</AddressLine1>
          <City>HILLSIDE</City>
          <State>NJ</State>
          <ZIPCode>07205</ZIPCode>
        </AddressUS>
        <EIN>222261509</EIN>
        <PrimaryActivity>MARINE SERVICES - DREDGING</PrimaryActivity>
        <LegalDomicileState>NJ</LegalDomicileState>
        <TypeOfEntity>C</TypeOfEntity>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartIV>
      <ReceiptOfIntAnnRentsRoyalties>0</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>0</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>0</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>0</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>0</LoansOrGuaranteesFromOtherOrg>
      <DividendsRelatedOrganization>0</DividendsRelatedOrganization>
      <SaleOfAssetsToOtherOrg>0</SaleOfAssetsToOtherOrg>
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      <ExchangeOfAssets>0</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>0</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>0</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>0</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>0</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>1</SharingOfFacilities>
      <SharingOfPaidEmployees>1</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>0</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>1</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>0</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>0</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 25 VACATION FUND</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>N</TransactionType>
        <AmountInvolved>82943</AmountInvolved>
        <MethodOfAmtDetermination>ALLOCATED EXPENSES</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 25 VACATION FUND</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>O</TransactionType>
        <AmountInvolved>66687</AmountInvolved>
        <MethodOfAmtDetermination>ALLOCATION PERCENTAGE</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 25 VACATION FUND</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>Q</TransactionType>
        <AmountInvolved>147617</AmountInvolved>
        <MethodOfAmtDetermination>CASH RECEIPTS FROM RELATED FUND</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 25 ANNUITY FUND</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>N</TransactionType>
        <AmountInvolved>95107</AmountInvolved>
        <MethodOfAmtDetermination>ALLOCATED EXPENSES</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 25 ANNUITY FUND</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>O</TransactionType>
        <AmountInvolved>46168</AmountInvolved>
        <MethodOfAmtDetermination>ALLOCATION PERCENTAGE</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 25 ANNUITY FUND</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>Q</TransactionType>
        <AmountInvolved>138841</AmountInvolved>
        <MethodOfAmtDetermination>CASH RECEIPTS FROM RELATED FUND</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 25</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>O</TransactionType>
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        <MethodOfAmtDetermination>ALLOCATED EXPENSES</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 25</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>Q</TransactionType>
        <AmountInvolved>49589</AmountInvolved>
        <MethodOfAmtDetermination>CASH RECEIPTS FROM RELATED UNION</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>