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THE CREDIT CRUNCH AND SHIPBUILDING
World shipyards have a record order backlog. What effect will the global credit crunch have?

No effect
A slow down in new orders
Cancellation of some existing orders
Cancellation of many exisiting orders

Marine Log

ENERGY 6508

April 10, 2008

Bollinger delivers third barge to Hornbeck

Bollinger Marine Fabricators, L.L.C., Amelia, La., has delivered the 60,000 bbl ENERGY 6508, a double hulled oil tank barge, to Hornbeck Offshore Transportation, L.L.C.

The delivery follows those of the ENERGY 6506 and ENERGY 6507. Terms of the contract were not disclosed.

Bollinger chairman and CEO Donald "Boysie" Bollinger said, "I am pleased to announce our delivery of the ENERGY 6508 to Hornbeck Offshore from our Bollinger Marine Fabricators (BMF) facility. Our BMF team did a great job on the ENERGY 6508 and her earlier sister ships. In signing a contract of this size following a locally concentrated natural disaster, Bollinger worked hard to insure that these units maintained the Bollinger seal of being the best in the industry."

The 60,000 bbl capacity ENERGY 6508 measures 362 ft in length, with a 60 ft beam and a 29 ft depth.

The series of barges are OPA'90 compliant, classed by American Bureau of Shipping (ABS) to the requirements of the Maltese Cross A1, unmanned oceans, and manned special service. Each unit is certified by the United States Coast Guard (USCG), under subchapter "D" and "O", oceans, for grade "A" and lower products. Each vessel has six main cargo tank pairs, "Guard Level" Ian Conrad Bergan cargo tank gauging and overfill protection, vapor recovery, and a Brunvoll tunnel thruster for increased maneuverability.

Barges are outfitted with quarters and accommodations for four persons.

Carl Annessa, Hornbeck Offshore's Executive VP and COO commented, "We thank all of the men and women at Bollinger Shipyards for their perseverance in completing this three barge serial construction program despite the many business difficulties faced by the industry in the months following hurricane Katrina. ╩╩Hornbeck Offshore, its crews and its customers are very pleased with the performance of the barges in service, and we are happy that these unique double hull barges carry the Bollinger pedigree."

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