Press Release - May 20, 2005

BOLLINGER SHIPYARDS PROMOTES ANDREW ST. GERMAIN
VICE PRESIDENT, CHIEF FINANCIAL OFFICER AND TREASURER

Lockport, LA., May 20, 2005 - Bollinger Shipyards, Inc., has promoted Andrew St. Germain to the position of Vice President, Chief Financial Officer and Treasurer, according to Donald “Boysie” Bollinger, Chairman and CEO of the Lockport, La. headquartered shipbuilding and repair company.

St. Germain joined Bollinger in 2003 as corporate controller. He holds a B.S. in Accounting from Louisiana State University, is a Certified Public Accountant and Certified Internal Auditor. His responsibilities include the company’s treasury, accounting, income tax, tax incentives, risk management, and legal functions.

Family owned and operated, Bollinger Shipyards, Inc., is a leading builder of offshore oil field support vessels, OPA ’90 double hull barges, tugs, lift boats, fast patrol boats and other steel and aluminum products. Bollinger is the largest vessel repair company in the Gulf of Mexico region with a total of 40 dry-docks and associated specialty shops in 13 shipyards strategically located between New Orleans and Houston with direct access to the Gulf of Mexico, Mississippi River and Intracoastal Waterway.