Fincantieri Bay delivers Kirby ATB

6,000 HP M/V Heath Wood 6,000 HP M/V Heath Wood

NOVEMBER 7, 2016 — Fincantieri Bay Shipbuilding's Sturgeon Bay, WI, shipyard has delivered the Kirby 155-01, a 155,000-barrel capacity barge, and the MV Heath Wood, a 6,000HP tug for Kirby Corporation (NYSE:KEX).

The vessels are to be operated as an Articulated Tug-Barge unit and will haul petroleum and chemical products domestically. This is the first unit delivered under a 2014 contract for two identical ATB units. The second ATB unit is scheduled for delivery in the summer of 2017.

Houston based Kirby Corporation is America's largest tank barge operator, transporting bulk liquid products throughout the Mississippi River System, the Gulf Intracoastal Waterway, along all three Unites States coasts, and in Alaska and Hawaii.

Kirby currently operates several ATB units built by Fincantieri Bay Shipbuilding in the mid-2000s.

"The fact that this ATB was delivered ontime and within contracted costs speaks to the efficiency of our engineering, planning and manufacturing processes," said Todd Thayse, Fincantieri Bay Shipbuilding Vice President and General Manager. "On-time, on budget delivery is critical to our customers, and, along with consistently high-quality build, it is the basis for retaining and reinforcing long-term relationships."

Francesco Valente, President and CEO of Fincantieri Marine Group, commented that "the recent expansion of the FBS yard will allow continued support to our established customers along with the opportunity to grow into new markets. The expansion provides additional manufacturing facilities and state-of-the-art manufacturing equipment, that combined with our advanced manufacturing processes, will further enhance our competitive position."

155,000 bbl barge Kirby 155-01

KirbyATBdeliveryNOTCH

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