Port Security Conference

May 8, 2003

Christening at Quonset Point
The Southeastern New England Shipbuilding Corporation (SENESCO) today christened its second state-of-the-art, 80,000-barrel, double-hulled liquid fuel barge. After a ceremony this morning at SENESCO's Quonset Point, RI headquarters, the "Leo" was ready to set sail for its Gulf Coast destination.

"Quality people build quality ships," observed SENESCO President and CEO Bob Jarvis. "That's our motto, and it's something we take a great deal of pride in here at SENESCO."

The "Leo" was built for the Hawaiian Inter Island Towing Company, which will lease the vessel to Sirrius Maritime of Seattle, Washington. Sirrius will then use the barge to carry fuel oil and other liquid cargo in the Gulf Coast.

"What attracted us to SENESCO was the fact that these people really know how to build a sturdy ship," said Scott Pratt, an executive at Sirrius Maritime. "The craftsmanship at SENESCO is second to none, the employees are hardworking, and it shows in the outstanding products they m ake, like the 'Leo'."

SENESCO's burgeoning business in double-hulled liquid fuel barges has been spurred by theOPA ’90.

Today's christening represents the second such barge to be commissioned by the Rhode Island-based shipbuilding company in recent months.In February, SENESCO christened the "Tennessee," its first 80,000-barrel liquid fuel barge for Sea Boats, Inc. of Fall River, MA.

In addition to the "Leo," SENESCO has signed a contract to build a third 80,000-barrel barge, for Sea Boats, Inc.

The new barge is of a new design by Guarino & Cox, premier barge designers of New Orleans, LA. SENESCO says the new design is more operationally friendly, easier to construct, and will have similar state of the art sensors and equipment. Delivery is scheduled for April 2004.

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