April 21, 2005

Manitowoc gets cement barge order

The Manitowoc Company, Inc. (NYSE: MTW) today announced that its Manitowoc Marine Group was recently awarded a contract to build an unmanned, self-discharging, bulk cement barge for American Transport Leasing (ATL). The 460 ft x 70 ft vessel, which provides a minimum capacity of 14,000 tons and features a computerized state-of-the-art cargo-unloading system, will be built at Bay Shipbuilding, Sturgeon Bay, Wisc..

This new bulk cement barge is virtually identical to Integrity, an unmanned, self-unloading vessel that Manitowoc built in 1995. The ATL barge will be built and classed for ocean service, but will operate on the Great Lakes servicing 15 U.S. terminals. Vessel construction is scheduled to begin next month, with a projected delivery during the second quarter of 2006.

"We are pleased to be serving the Great Lakes cement industry with this new project," said Robert Herre, president of Manitowoc Marine Group. "The American Transport barge is ideally suited to the facilities and capabilities of our Sturgeon Bay shipyard. Additionally, this contract reflects a continuation of our group's solid growth in serving the commercial maritime markets with a variety of integrated tug/barge concepts that serve bulk cargo and petroleum-hauling applications."

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