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Bollinger Shipyards Promotes Craig Roussel to Vice President and Chief Administrative Officer - Thursday, August 31, 2006

Lockport, LA., August 31, 2006 - Bollinger Shipyards, Inc., Lockport, La., has announced the promotion of Craig Roussel to vice president and chief administrative officer of the South Louisiana based shipbuilding and repair company. As vice president and chief administrative officer, Roussel will now assume overall responsibility for human resources and safety operations. In addition, Roussel will retain his current responsibilities which include state and local government relations, environmental services, emergency preparedness and corporate security. Roussel joined Bollinger in 1998. In his tenure with the company Roussel served in progression as director of business development, vice president of procurement, vice president of high speed vessels and as vice president of corporate operations since 2005.

The announcement was made by Mike Ellis, Bollinger executive vice-president and chief operating officer, who said, "Craig's leadership ability and operational experience make an excellent fit for this new position."

Bollinger Shipyards, Inc., is the foremost provider of marine repair and conversion services and a leading provider of new construction services to the energy, commercial and government marine markets in the Gulf of Mexico region. Family owned and operated since 1946, the company specializes in the repair, conversion and new construction of a wide variety of small to medium-sized offshore and inland vessels.


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