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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
S C H E D U L E 13G
(Rule 13d-102)
Information To Be Included in Statements Filed
Pursuant to Rules 13d-1(b), (c) and (d) and
Amendments Thereto Filed Pursuant
to 13d-2(b)
(Amendment No. __)1
MARINE SHUTTLE OPERATIONS, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.001 PER SHARE
(Title of Class of Securities)
56844D103
(CUSIP Number)
December 21, 1998
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant
to which this Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
1The remainder of this cover page shall be filled out
for a reporting person's initial filing on this form with
respect to the subject class of securities, and for any
subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this
cover page shall not be deemed to be "filed" for the
purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).<PAGE>
<TABLE>
CUSIP No. 56844D103 13G
<S> 1<PAGE>
NAME OF REPORTING PERSON
BEG Berliner Effektenbeteiligungsgesellschaft AG
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
C
<PAGE>
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ] <PAGE>
<C>3<PAGE>
SEC USE ONLY
C
<PAGE>
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Germany<PAGE>
Number of
Shares
Beneficially
Owned By
Each
Reporting
Person
With<PAGE>
<C>5<PAGE>
SOLE VOTING POWER
3,950,000 11.8%<PAGE>
<PAGE>
<C>6<PAGE>
SHARED VOTING POWER
0 <PAGE>
7 SOLE DISPOSITIVE POWER
3,950,000 11.8%<PAGE>
<PAGE>
<C>8<PAGE>
SHARED DISPOSITIVE POWER 0
C
<PAGE>
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,950,000<PAGE>
<C>10<PAGE>
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES [ ]
<PAGE>
<C>11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.8%<PAGE>
12 TYPE OF REPORTING PERSON*
CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!<PAGE>
</TABLE>
Item 1(a). Name of Issuer:
Marine Shuttle Operations, Inc.
Item 1(b). Address of Issuer's Principal Executive
Offices:
4410 Montrose Boulevard, Houston, Texas
77006
Item 2(a). Name of Person Filing:
BEG Berliner Effektenbeteiligungsgesellschaft
AG
Item 2(b). Address of Principal Business Office or, if
None, Residence:
Kurfurstendamm 119, D-10711 Berlin,
Germany
Item 2(c). Citizenship:
BEG Berliner Effektenbeteiligungsgesellschaft
AG is an entity organized under German law.
Item 2(d). Title of Class of Securities:
Common Stock, par value $.001 per share
Item 2(e). CUSIP Number:
56844D103
Item 3. If this statement is filed pursuant to Rules
13d-1(b), or 13d-2(b) or (c), check whether
the person filing is a:
(a) [ ] Broker or dealer registered under
Section 15 of the Act;
(b) [ ] Bank as defined in Section 3(a)(6) of
the Act;
(c) [ ] Insurance Company as defined in
Section 3(a)(19) of the Act;
(d) [ ] Investment Company registered
under Section 8 of the Investment
Company Act;
(e) [ ] An investment adviser in accordance
with Rule 13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or
endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control
person in accordance with Rule 13d-
1(b)(ii)(G);
(h) [ ] A savings association as defined in
Section 3(b) of the Federal Deposit
Insurance Act:
(i) [ ] A church plan that is excluded from
the definition of investment company
under Section 3(c)(14) of the
Investment Company Act;
(h) [ ] Group, in accordance with Rule 13d-
1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-
1(c), check this box. [ ]
Item 4. Ownership.
As of December 31, 1998, the beneficial
ownership information of BEG Berliner
Effektenbeteiligungsgesellschaft AG with respect to the
subject securities was as follows:
(a) Amount beneficially owned:
3,950,000(1)(2)
(b) Percent of class: 11.8%
(c) Number of shares as to which such
person has:
(i) Sole power to vote or to direct
the vote 3,950,000
(ii) Shared power to vote or to direct
the vote - 0 -
(iii) Sole power to dispose or to direct
the disposition of 3,950,000
(iv) Shared power to dispose or to
direct the disposition of - 0 - .
____________
1The shares are being held by a pooling trustee
pursuant to the terms of a pooling trust agreement, and will
not be released until August 3, 2001. The trustee shall
seek instructions from BEG Berliner
Effektenbeteiligungsgesellschaft AG before taking any
action as a stockholder with respect to any of the shares
held in trust.
2Does not include 800,000 shares of Common Stock
owned by Berliner Freiverkehr (Aktien) AG (the owner of
40% of the outstanding capital stock of BEG Berliner
Effektenbeteiligungsgesellschaft AG).
Item 5. Ownership of Five Percent or Less of a
Class.
If this statement is being filed to report the
fact that as of the date hereof the reporting person has
ceased to be the beneficial owner of more than five percent
of the class of securities, check the following. [ ]
Item 6. Ownership of More than Five Percent on
Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of the
Subsidiary Which Acquired the Security
Being Reported on by the Parent Holding
Company.
Not applicable.
Item 8. Identification and Classification of
Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Signature
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information set
forth in this statement is true, complete and correct.
Date: February 11, 1999
BEG Berliner Effektenbeteiligungsgesellschaft AG
By: /s/ Guido Sandler
Guido Sandler, CEO
By: /s/ Klaus Kleversaat
Klaus Kleversaat
