SAVE THE DATES

Marine Log

B. No. 280 and tug RHEA BOUCHARD

May 9, 2006

Bollinger delivers Bouchard barge

Bollinger Gretna, LLC, Harvey, La., a Bollinger Shipyards, Inc. company, has delivered, B. No. 280, a double hull, 80,000 BBL OPA 90 compliant oil tank barge to Bouchard Coastwise Management, Corp., Hicksville, N.Y.

The B. No. 280 is a clean oil barge measuring 399-feet long, with a 74-foot beam and a depth of 28-feet. The barge is coupled with an existing Bouchard tug, RHEA BOUCHARD, using the Intercon coupler system.

While the B. No. 280 was in the final stages of construction, Bollinger Algiers, L.L.C., retrofitted the RHEA BOUCHARD with the Intercon system, regulatory recertification and completed a re-powering of the vessel.

Following the delivery of the B. No. 280, Bollinger announced the signing of the sister ship, B. No. 282. The B. No. 282 will also be built at Bollinger Gretna, along with a previously announced 110,000 BBL unit, B. No. 205, a black oil barge measuring 430-feet long, with a 79-foot beam and a depth of 34-feet.

Additionally, Bouchard has awarded Bollinger a 35,000 BBL barge, B. No. 233, which will be built at Bollinger Marine Fabricators in Amelia, La.

Terms of the contracts were not disclosed.

Morton S. Bouchard III, president and chief executive officer of Bouchard Affiliates, said "The delivery from Bollinger of the first barge, as part of our second phase construction program, places us right on schedule with our future outlook program. Signing with Bollinger on the sister ship to the B. No. 280 and the B. No. 233 barge is our confirmation and commitment to our customers of our dedication to providing them with modern up-to-date equipment and services."

"We have been successful in working with Bouchard from our new construction, as well as our repair/conversion facilities" said Donald "Boysie" Bollinger, chairman and chief executive officer of Bollinger Shipyards, Inc. "The diversity of our workforce maintains our ability to provide customers like Bouchard with a single point of contact to respond to their demands in the marine market."

MORE NEWS STORIES