CONTAINERSHIP
SIZE

What will be the size of the largest containerships ordered by the end of this year?

10,000 TEU
12,000 TEU
15,000 TEU
EVEN BIGGER


ATB

September 12, 2006

Bender pushes ATB frontiers

Bender Shipbuilding & Repair Co., Inc. today gave some more details about the three 335,00 bbl (45,000 dwt) articulated tug-barge units ordered from it by Maritrans Inc. (NYSE: TUG) announced earlier this month.

The units are designed by Ocean Tug and Barge Engineering, Inc. led by Bob Hill.

Each barge will be connected to a 12,000 horsepower tug.

The design will incorporate several innovations in ATB design including the largest Intercon coupler system, heavy fuel capability, shutter rudders and double hull fuel tanks. The barge features include a 2,200 hp bow thruster, electric deepwell pumps, inert gas system, crude oil wash system and remotely actuated valves.

Construction of the three new vessels will take place at both the Bender Shipbuilding facility in Mobile, Alabama and at the affiliated Tampa Bay Shipbuilding & Repair Company, in Tampa, Florida.

Maritrans estimates that the total cost of construction, including owner furnished equipment, will be approximately $77.5 million for each tug-barge unit. Bender Shipbuilding expects to deliver the first unit in October of 2007, with the remaining two vessels expected to be delivered seven months apart in May and December of 2008, respectively. The units are designed by Ocean Tug and Barge Engineering, Inc. led by Bob Hill. The design will incorporate several innovations in ATB design including the largest Intercon coupler system, heavy fuel capability, shutter rudders and double hull fuel tanks. The barge features include a 2,200 hp bow thruster, electric deepwell pumps, inert gas system, crude oil wash system and remotely actuated valves.

Tom Bender, Chief Executive Officer of Bender Shipbuilding stated,"The contract with Maritrans for the construction of these three ATB units is the culmination of the extremely diligent effort put forth by the Bender, Maritrans and Ocean Tug & Barge Engineering team of personnel over the last few months. We believe we have conceived and will build an ATB Unit that will be the industry benchmark for capacity and performance for years to come. Finally, on behalf of Bender and Tampa Bay management and the 450 employees who will build these units over the next 40 months, I would like to take this opportunity to thank Maritrans for this order and the confidence in Bender that it signifies."

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