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Bollinger and Martin Midstream Sign Contract For 55,000 Barrel OPA'90 Tank Barge - Saturday, January 26, 2008

Lockport , LA., Jan 26, 2008 - Bollinger Marine Fabricators, L.L.C., a Bollinger Shipyards, Inc. company, has signed a contract for the design and new construction of a 55,000 barrel (BBL) Oil Pollution Act of 1990 (OPA’90) compliant tank barge, with Martin Midstream Partners, LP.  Contract terms and conditions were not disclosed.      

The announcement was made by Bollinger executive vice president of new construction, Chris Bollinger.  "Bollinger is pleased to announce the signing of our first new construction OPA’90 tank barge project with Martin.  Martin has been a long time customer to Bollinger’s repair and conversion group, and we are excited that Bollinger is Martin’s shipyard of choice for this project,” said Bollinger.

The 55,000 BBL tank barge, M 6000, will be built at Bollinger Marine Fabricators, L.L.C., in Amelia, Louisiana.  The M 6000 will be a clean oil barge that is classed and certified ABS + A1 Oil Tank Barge, Manned Ocean Services. The barge will measure 350-foot long, with a 70-foot beam and a depth of 25-feet.  The barge is being built to meet the requirements of OPA’90, with ten (10) cargo compartments and two (2) separate pumping systems.  The barge will be outfitted with the Bludworth Cook Marine ATB Flexible Connection System.

Ed Grimm, senior vice president of Martin Operating Partners said, "We are pleased to have signed this offshore unit with Bollinger as another step in our organic growth and fleet modernization process.”

Martin Midstream Partners, L.P. (http://www.martinmidstream.com) is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. One of the five primary business lines includes marine transportation services for petroleum products and by-products.

Bollinger Shipyards, Inc. (www.bollingershipyards.com) is a leading designer and builder of ocean-going double hull barges, offshore oil field support vessels, tug boats, rigs, liftboats, inland waterways push boats and barges, fast military patrol boats and other steel and aluminum products from its three new construction shipyards. Bollinger has 13 shipyards and all are strategically located between New Orleans and Houston with direct access to the Gulf of Mexico, Mississippi River and the Intracoastal Waterway. Bollinger is the largest vessel repair company in the Gulf of Mexico region with a total of 40 dry-docks in Louisiana and Texas.


 

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