GULF OFFSHORE 2002
June 5 & 6, 2002
Grand Casino Biloxi-Islandview Hotel
Biloxi, MS

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May 16, 2002

ATB christening at Halter
Friede Goldman Halter, Inc.'s Halter Marine, Inc., has reported the christening of the first of two articulated tug-barges (ATB) for long-time customer Vessel Management Services, a Crowley Maritime Corporation subsidiary. An ATB is built with an articulated pin connection system between the tug and barge that allows movement in the critical area of fore and aft pitch.

Christened Sea Reliance, the 9,280 hp tug design is the result of a joint project between Halter Marine and Vessel Management Services. The latest environmental and safety advances, including double-sided construction, along with increased efficiencies in hose handling, anchoring, mooring, discharge and loading product are incorporated into the design.

The 155,000-barrel barge, christened 550-1, is double hulled for maximum environmental protection and safety. Built, documented and maintained to the requirements of the American Bureau of Shipping (ABS) SafeHull, the barge is equipped with an inert gas system, enhanced cargo system, and a fully redundant ballast system. Tug Sea Reliance was built at Moss Point Marine and Barge 550-1 at Port Bienville, two of Halter's Mississippi facilities.

Friede Goldman Halter COO Anil Raj, Chief Operating Officer of said, "The delivery of these two units is another example of how Halter has continued to successfully build quality vessels for its valued customers during its reorganization process. During this one year period Halter has delivered 13 vessels on 9 contracts valued at over $250 million. In the same period Halter has started work on new contracts which, including options are valued at over $270 million. It is the loyalty and dedication of our employees and customers like Crowley who will ensure Halter's continued success."

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