January 17, 2001

Alabama wins another ATB contract
Mobile's Alabama Shipyard has signed a contract to build an articulated tug and barge (ATB) vessel for Allied Transportation Company of Norfolk, Va.

According to Alabama Shipyard president Dick Wells, the order is the yard's third major contract awarded during the last four months of 2000,

"The total value of these contracts is greater than $65 million," he said. "Our employment will grow to over 600 an increase of 300 new jobs from today"

"We have several pending contracts that will help us create a stable workforce here in Mobile," Wells stated. "In fact, Alabama Shipyard has been working with Mobileís Workforce Development Board to develop a training program for current and new employees that will help us build this permanent work force."

Alabama Shipyard designed the 129,000-barrel, 450-ft. barge in compliance with the Oil Pollution Act of 19905.

The 8,000 hp twin-screw ocean-going tug, designed by Ocean Tug and Barge of Milford, MA, will have a length of 124 feet and will feature the patented Intercon tug/barge coupler system designed and built by Intercontinental Engineering and Manufacturing Corporation of Kansas City, Mo. The system consists of two independently mounted gear drive ram assemblies which connect the tug and barge. The tug is able to push a loaded barge at approximately 11 knots, up to 35% faster than traditionally towed barges.

Additional benefits of this articulated tug/barge unit include the ability to operate in the widest range of sea states; the complete elimination of tug/barge hull contact; fail-safe mechanical connection with redundant controls, and elimination of the expense and hazards of towing lines and related gear. The tug/barge can be engaged and disengaged without crew on deck. The vessels will be designed and built to ABS classification standards.

Allied Transportation Company is located in Norfolk, Virginia, and transports specialty chemical and oil products. Alabama Shipyard is a division of Atlantic Marine, Inc. and specializes in the construction of steel-hulled, ocean going vessels.

Bollinger/Incat focus is military
A press release issued by Incat Australia today makes it clear that the military market is the primary focus of the recently formed Bollinger / Incat USA.

The statement says that Bollinger / Incat USA is "committed to revolutionize the way navies think about and use innovative fast craft technology" and says "the military and coast guard sectors are showing serious interest in multiple numbers of wavepiercing fast craft."

Bollinger / Incat USA has been working on a proposal to the military for a wavepiercing craft, similar to the heavy freight capacity 98 m Evolution 10B class, that can carry 500 persons and a variety of vehicles at speeds of more than 40 knots over long ranges.

"Currently," says today's statement, "Bollinger / Incat USA is in discussion with three arms of the U.S. military to charter a craft for trials. Each has its own unique needs and Bollinger / Incat USA is confident it can supply the craft to exceed their job requirements. From very fast boats for patrol, interception and rescue work to very fast heavy lift ro-ros required for troop and equipment movements, the possibilities, not just within America, but also worldwide, are immense."

Stolt Offshore wins pipelaying contract
Stolt Offshore has been awarded a contract by Gulfstream Natural Gas System L.L.C. for the installation of the Gulfstream natural gas transmission pipeline from Mississippi Sound to Tampa Bay, Florida. The pipeline will be installed by the Stolt Offshore semi-submersible pipelay barge LB 200 in the second half of 2001.

The project includes the installation of 437 miles of 36 inch diameter concrete coated pipe from the LB 200. The vessel will be supported by the derrick-lay-barge DLB 801 which will lay pipe in the shallow waters depths leading up to the shore approaches. Both barges will be supported by the Seaway Hawk and other ships from the Stolt Offshore shallow water fleet in the Gulf of Mexico.

Bernard Vossier, CEO of Stolt Offshore said the project was the largest offshore pipelay project to date in the Gulf of Mexico. "This provides an ideal opportunity to demonstrate our capabilities in the management of large diameter pipelay projects in this region which has already been established in other parts of the world. The LB200 has an excellent track record of deep water, harsh environment pipelay in the North Sea where she has laid over 1,250 miles of large diameter pipelines in the last four years.

“We are relocating the DLB 801 to the Gulf of Mexico from West Africa. She will remain in the Gulf of Mexico on completion of the Gulfstream project where she will compete in the very active pipelay market on the shelf, supported by other Stolt Offshore assets already located in this region.

“The award of the Gulfstream pipelay project is in addition to several other deep water installation contracts that we have recently won in the Gulf of Mexico. These include the Devon Energy Pecten project for subsea tree and riser tie-in work, the Ladybug field installation of two 6” pipelines, a pipeline-end-manifold, J-Tubes, umbilical and jumpers for ATP/Bluewater and the Shell Serrano and Oregano umbilical installations. This growing level of activity is a reflection of the increasing strength of our position as a leading offshore contractor in the important Gulf of Mexico market.

“Our backlog is now $1,105 million, of which $837 million is for work to be completed this year. This compares with a backlog of $1,003 million at this time last year, of which $503 million was for the balance of 2000,” Vossier concluded.

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