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Topherys

Recruit
11 Badges
What version of the game are you running and is it the same one you started the saved game with?
 
Seems like the savegame is corrupted somehow. I don't think the 'target =' line above 'admiral =' is supposed to be there. You could try removing that line (keep a backup of the original file though). You really should patch; this could be the result of a bug that has since been fixed in one of the 6 patches.
 
If you try to run an old savegame in a new patch you will likely get additional errors. In particular, 1.04 removed the 'heavy_cruiser' and replaced it with 'modern_cruiser' so old savegames will get errors since they contain references to the old ship.