DBL 101--an earlier  Bollinger  delivery to K-Sea

December 7, 2004

Bollinger books order for 100,000 bbl OPA '90 barge order

Bollinger Marine Fabricators, LLC, Amelia, La., a Bollinger Shipyards, Inc. company, has signed a contract with K-Sea Transportation Partners L.P., Staten Island, N.Y. for the construction of a 100,000 barrel capacity, double hull oil barge.

Bollinger hull 490, DBL103, will be a near sister ship to the DBL 101 and DBL 102 that Bollinger delivered to K-Sea in 2002 and 2004.

Terms were not disclosed.

The barge will be built primarily for oil service on the Northeast U. S. coast and Gulf of Mexico region.

It will be coupled with existing K-Sea tugs equipped with the state-of-the-art JAK 400 tug/barge Push-Pin System.

The 100,000 bbl capacity barge will measure 400-feet in length, 74-foot beam and 25-foot depth, with a displacement of approximately 16,450 tons.

Delivery is planned for the fall of 2005.

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