28,000 bbl barge

February 10, 2006

Bollinger books bunkering barge order

Bollinger Marine Fabricators, LLC, (BMF) Amelia, La., a Bollinger Shipyards, Inc. company, has signed a contract with Progressive Barge Line, Inc., New Orleans, La. for the construction of a double hull OPA 90 Lakes, Bays and Sounds tank barge.

Bollinger hull 505, will have capacity of 28,000 barrels (BBL) and is a near sister ship to four similar hulls also under construction at BMF for another operator.

Elliot Bay Design Group performed the design and engineering package in support of Bollinger.

Terms of the contract were not disclosed.

Hull 505 will be built primarily for bunkering services on the Mississippi River and throughout the port of New Orleans.

The barge will be built in accordance with American Bureau of Shipping rules and certified by United States Coast Guard for rivers, lakes, bays and sounds service for carriage of Grade A products and below.

It will be subdivided into six (6) cargo tanks, each with pipe coils for heating cargo.

The heater system will be a 4 million BTU Hopkins Volcanic unit, with 2 inch piping coils lining the bottom of each cargo tank for optimum heat distribution.

The 28,000 BBL capacity barge will measure 297.6-feet in length, with a 54-foot beam and 13-foot depth.

Delivery is planned for the third quarter of 2006. Progressive Barge Line, Inc. is the owner operator of tugs and barges operating mainly on the lower Mississippi river region, based out of Westwego, Louisiana.