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Marine Log

RTC 82

January 29, 2008

Senesco Marine delivers 80,000 bbl barge

Reinauer Transportation looks to be having some success at Senesco Marine, the North Kingstown, Rhode Island, shipyard that it acquired in September 2006.

Senesco VP and General Manager Mike Foster reports that the yard recently delivered the 80,000 bbl barge RTC 82 to Reinauer--the third delivered in 2007, with the fourth scheduled for delivery in June of 2008.

Senesco VP of Production Joe Bush says that Senesco has begun building a series of four 100,000-barrel ATB's. The first ATB will deliver in October 2008, with the three additional units to follow in four-month intervals.

Craig Reinauer, President of both Reinauer Transportation and Senesco Marine states, "The success we are experiencing can only be attributed to the new and restructured management group. The contribution of all the employees at every level has exceeded my expectations and I proudly commend all their efforts."

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